16901 - 16813 Southcenter Pkwy
Tukwila WA 98188
Southcenter Parkway Shopping Center
16901 - 16813 Southcenter Pkwy Tukwila WA 98188
Listing #: 714362 | Status: Available | Last Modified: 7/9/2026 |
For Sale
- Phone:(425) 586-5608
- Email:ksterling@nai-psp.com
- Office Name:NAI Puget Sound Properties
- Office Phone:(253) 383-3100
- Office Website:
- Agent Phone:(425) 586-5631
- Agent Email:nbierly@nai-psp.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,500,000.0
- $/SF$ 67.1
- Listing StatusAvailable
- Days on Market18
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 0.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings3
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF52139
- Net Rentable Area52139
- Total Office SF
- Largest Contiguous SF
- Lot SF154287
- Acres3.54
- Property TypeRetail
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaTukwila
- Tax ID #2623049011
- Additional Parcels2623049068
- ZoningDUC
- Year Built1989
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Southcenter Leasehold Shopping Center
Prime Southcenter Retail Asset Irreplaceable Location - Adjacent to Southcenter Mall 52,139 SF of Retail Space on a 3.55 AC Site Leasehold Sale – Improvements Only (Land Not Included) Subject to Ground Leases Expiring in 17 & 19 Years Significant Value-Add Upside – 23%+ Stabilized Cap Rate Compelling 20%+ IRR Potential Through Ground Lease Expiration Low Basis Entry Point - $67 Per Foot on the Building Price: $3,500,000