19815 Mountain Highway E, Spanaway, WA 98387
- $450,000
Listing Broker: Yelm Windermere; Sheryl K. Williams; 253-905-0928; sherylw@windermere.com
- List Price
- $450,000
- Status
- ACTIVE
- MLS#
- 2585428
- Days on Market
- 0
- Annual Tax Ammount
- 5442
Property Description
**LOCATION. VISIBILITY. INCOME. FLEXIBILITY.** This high-visibility mixed-use commercial property delivers all four! Retail space, multiple storefronts, and an apartment upstairs. Situated on a prime .24 acre corner lot along busy Mountain Highway with approximately 3,160 sq ft total, offering ample parking and a fully remodeled 1-bedroom apartment upstairs. The 2,584 sq ft main level is designed for maximum flexibility, with an established busy hair salon that's occupied for 7 years and enjoys use of a shared 1/2 bath; a huge open retail space (formerly home to a successful boutique w/2 dressing rooms) has intentionally been left vacant for new owners vision and next business venture. A back-corner space features a large room with vaulted ceilings, plumbing for 2 more sinks, and a 3/4 bath. While two additional smaller rooms in the front have a separate entrance to the parking lot/Mountain Highway and also provisions for a sink. The two larger vacant areas have an estimated rental value of $3,000/month combined, excluding the two smaller front rooms. Updated double-pane vinyl windows, nearly new exterior paint, new roof in 2017, 3 mini-splits, laminate floors, served by a well & septic which keeps utility costs down, and numerous upgrades throughout. Apartment and hair salon have seen 100% occupancy in recent years and both would like to stay. Owner-occupy, lease multiple spaces, or create your own commercial hub—this property can cash-flow even without full occupancy!
Additional Information
- Community
- Spanaway
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1955
- # of Assigned Spaces
- 15
- Roof
- Composition, Torch Down
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Laminate
- Driving Directions
- From Hwy 512, go South on Pacific Ave (turns into Mt Hwy) to building on Left corner of Mt Hwy and Field Rd E.
- Electric Expenses
- 997
- Other Expenses
- 789
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $14,017
- Gross Adjusted Income
- $25,500
- Gross Scheduled Income
- $25,500
- Water/Sewer/Garbage Expenses
- $1,428
- Total Expenses
- $11,483
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