The property at 427 E Main Ave in Puyallup, WA presents a rare opportunity to acquire or lease a turn-key commercial building in one of the region’s most dynamic retail corridors. The building totals 6,003 square feet and includes an additional 1,750 square foot mezzanine office and storage area. Designed with functionality in mind, the property features a grade-level roll-up door, large pylon signage for maximum exposure, multiple points of ingress and egress, and ample on-site parking to accommodate a variety of users. Positioned along East Main Avenue with visibility to over 18,000 vehicles per day and immediate access to Highway 512, which carries more than 80,000 vehicles daily, the property offers exceptional exposure and connectivity. Its zoning designation of CG (General Commercial) allows for a wide range of permitted uses, including automotive, retail, light manufacturing, veterinary, equipment rental, daycare, and health club facilities, while also providing long-term redevelopment potential. The property benefits from its proximity to a strong mix of national retailers and regional demand drivers. Nearby tenants include Safeway, Fred Meyer, Tractor Supply, Planet Fitness, Goodwill, and multiple auto dealerships, with the Washington State Fairgrounds located less than a mile away. This location draws from a dense and affluent customer base, with more than 161,000 residents living within a five-mile radius and average household incomes exceeding $114,000, supporting robust consumer spending.
Market fundamentals further enhance the investment appeal of this offering. The Puyallup retail submarket boasts a vacancy rate of just 1.9 percent, with year-over-year rental growth of 4.7 percent and consistent long-term rent growth averaging 4.1 percent annually over the past five years, according to CoStar. With virtually no new retail construction in the last decade and no projects currently underway, barriers to entry remain high, making this an ideal opportunity for an owner-user to lock in occupancy costs at today’s pricing or for an investor to capitalize on rising demand in a constrained market. Additionally, Washington State’s lack of personal income tax adds further appeal for ownership.
