1020 A ST SE, Auburn, WA 98002
1020 A ST SE, Auburn, WA 98002
1020 A ST SE, Auburn, WA 98002
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Toril White

Toril White

+1(253) 350-2638
Listed by:Kidder Mathews • Kevin G. Verger
$1,280,000
Est. payment /mo
0.28 Acres Lot
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Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision South Auburn

MLS Listing ID 2518114

Style 75 - Retail

Year Built 1979

Lot Size 0.280 Acres

Property Sub-Type Commercial Industrial

Property Description

This asset offers investors and owner/users the rare combination of immediate cash flow, flexible occupancy, and meaningful value-add potential. The property is currently 60% occupied and generates a 7.00% in-place cap rate, providing stable income from the current tenants, creating a clear path to increased income through lease-up or direct owner occupancy. Attractive In-Place Yield - Offered at a compelling 7.00% going-in cap rate, providing immediate cash flow from established tenancy. Clear Value-Add Through Lease-Up - Currently 60% occupied, offering investors a clear path to increase income and value through lease-up of the remaining office suites. Owner-User Flexibility - Ideal for an owner-occupant seeking a professional office presence while offsetting occupancy costs through rental income from existing retail tenants. Flexible Use Potential - Second-floor office layout is well-suited for professional services, medical, or administrative users. Strong Traffic Exposure - Exceptional visibility to 25,000+ average daily vehicles, supporting retail tenant performance, enhancing signage presence, and increasing long-term leasing appeal. Excellent Regional Connectivity - Located just minutes from SR 167, providing access to SR 18, I-5, and I-405, supporting tenant accessibility, employee commuting, and long-term leasing demand.

Location

State WA

County King

Area 310 - Auburn

Interior

Fireplace false

Building

Sewer Sewer Connected

Others

Senior Community No

Acceptable Financing Cash

Listing Terms Cash

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Toril White

Toril White

+1(253) 350-2638

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