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Riverwood Plaza 21505 SE Renton Maple Valley Rd

8,320 SF 100% Leased Retail Building Maple Valley, WA 98038 $2,400,000 ($288/SF) 5.59% Cap Rate

Investment Highlights

  • 8,320 sf multi tenant retail/office building in Maple Valley situated on 1.26 acres with plenty of parking.
  • High Traffic on State Route 169 - SE Renton Maple Valley Road and Highway 18.
  • Investor or owner user opportunity, current income 5.59% cap rate with 4 tenants and up to 2,400 sf available.

Executive Summary

Maple Valley multi tenant retail, office and industrial shop for sale. Building is 8,320 total sf on 1.26 acres, plenty of parking. Currently occupied with 4 tenants. Opportunity for an investor or owner/user with up to 2,400 sf available for lease.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,320 SF
Building Class
C
Year Built/Renovated
1971/1990
Price
$2,400,000
Price Per SF
$288
Cap Rate
5.59%
NOI
$134,160
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Land Acres
1.27 AC
Zoning
NB - Neighborhood Business
Parking
19 Spaces (2.28 Spaces per 1,000 SF Leased)
Frontage
267 FT on Renton Maple Valley Hwy

Amenities

  • Corner Lot
  • Pylon Sign
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
275220-0007
Land Assessment
$565,700
Improvements Assessment
$527,200
Total Assessment
$1,092,900
  • Listing ID: 33644412

  • Date on Market: 10/25/2024

  • Last Updated:

  • Address: 21505 SE Renton Maple Valley Rd, Maple Valley, WA 98038

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