Pacific Commons Center

Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in Pacific Commons, a 206,474-square -foot community center in Spanaway, WA, positioned at the southeast corner of Pacific Avenue and 176th. Boasting a daily traffic flow exceeding 63,000 vehicles, this prime property offers exceptional visibility and commercial potential. With 91.62% vacancy, the center presents a dynamic repositioning opportunity, particularly with its Urban Corridor zoning, allowing for diverse uses such as multifamily, retail, and restaurant pad sites. Situated strategically along the I-5 freeway, Pacific Commons serves as a crucial connector between southern Tacoma cities, establishing itself as an ideal commercial hub in the area.
Spanaway, home to over 35,000 residents and serving as the county seat of Pierce County, is part of the second-largest metro area in Washington, with a population exceeding 921,130. Its thriving industries, including aerospace, healthcare, military, manufacturing, industrial, and maritime trade and logistics, contribute to its economic vitality. With MTM leases enabling immediate redevelopment, Pacific Commons stands as a prime investment opportunity in this vibrant region, offering a blend of urban amenities and natural beauty amidst a rapidly growing metropolitan area.