6528 Capitol Boulevard Se, Tumwater, Washington 98501

WA, Tumwater
$1,525,000
  • 0.55 Acre
  • Commercial Sale Property Type
  • 1992 Year Built
  • Expired Status
Property Description

Pleased to present the opportunity to acquire 7,340 SF retail building, ideally positioned for an owner-user or value-add investor. The property is currently 29% vacant, with an additional 40% occupied by BJ Paint Shop on a month to-month lease at below market rent. This provides an owner-user the opportunity to occupy up to 5,000 SF or allows a value-add investor to stabilize the property at an estimated cap rate above 8%. Current ownership has invested over $75,000 in capital improvements, including a new HVAC system for Unit B, upgraded exterior lighting, fence replacement, and extensive tenant improvements to Unit D – the currently available suite.

Source: NWMLS
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 2394542
  • Price: $1,525,000
  • Year Built: 1992
  • Lot Area: 0.55 Acre
  • Status: Expired
  • Office Name: Kidder Mathews
  • Agent Name: Kevin G. Verger
  • Property Sub Type: Commercial Industrial
Features
  • Sewer Available
Address Map
  • Country US
  • State WA
  • County Thurston
  • City Tumwater
  • Zipcode 98501
  • Street: Capitol
  • Street Number: 6528
  • Street Suffix: Boulevard
  • Longitude: W123° 5' 36.1''
  • Latitude: N46° 59' 21.6''
  • Directions: Use your Smartphone Maps App.
  • Mls Area Major: 443 - Tumwater
  • Street Dir Suffix: SE
Additional Information
  • Water Source: See Remarks
  • Possible Use: Retail
  • On Market Date: 2025-06-18
Listing Information
  • List Agent Mls Id: 92348
  • List Office Mls Id: 128
  • Listing Term: See Remarks
  • Mls Status: Expired
  • Modification Timestamp: 2025-08-20T07:17:12Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-08-20T07:15:54Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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