Puyallup, WA Retail Property For Sale

Prime commercial property at a high-traffic intersection in Puyallup, ideal for investors or owner-operators looking for a high-exposure location. This highly visible and well-maintained building has a strong history, high traffic counts, and a location that draws consistent customer flow. Currently occupied by a coffee shop (not included with sale) with both drive-thru and indoor seating, the property can be delivered vacant, offering a fresh start for new business ventures. Zoned NC (Neighborhood Center), the property offers a wide range of possibilities for use or development for both new and established ventures and its central location makes it well-suited for a variety of business opportunities. Bring your concept to this location.

We have been exclusively selected to market for sale Canyon Plaza located in the affluent Seattle/Tacoma, WA MSA. The Property is currently occupied with a diverse tenant mix including Verizon Wireless and Windermere Real Estate. All of the tenants at the Property currently operate on NNN leases allowing for reimbursement of nearly all expenses and providing a hedge against rising operating expenses. In 2027, the future owner will have the opportunity to increase Crown Castle GT Company's easement to market rents, which is estimated to increase NOI by at least $36,000/year. Four of the five leases feature annual rent increases during the initial lease terms. The Property features a total of five tenants and one leased easement with varying lease expiration dates, ensuring long-term occupancy levels. Create Fitness signed a brand new 5-year NNN lease with rent increases and options to extend. The Property was renovated in 2024 and features high-quality finishes. The Property benefits from a population of over 238,000 residents within a 5 mile radius, with average household incomes exceeding $93,000. Within a 1-mile radius, the population has grown over 34% since 2010 and is projected to increase by another 4.9% in the next 5 years. Spanaway/Puyallup, WA sub-market rents have increased a cumulative 17.8% over the past three years, per CoStar. With a vacancy rate of 3.3% and zero square feet of new retail space currently under construction, the development lull creates a high barrier to entry and demand for space remains high.

This two-story fully renovated 33.310-square-foot commercial building is located strategically in the heart of South Hill right off the 512 exit and South Hill mall, surrounded by leading businesses and high-traffic exposure. The building offers 3.834 sqft of space for a single or multiple tenants. The main floor has 3 offices, a lunch room, a bathroom, and two big spaces to use for more offices and a front desk, the lower level has another office, a front desk, a bathroom, storage, and its entrance. Beautiful additions include wide plank laminate flooring, Spanish Sand paint, a new metal roof with warranty, new energy-efficient windows, and a beautiful new deck. The building has 9 car parking spaces and 4 more extra spaces on the side and back of the building.

• Can accommodate a variety of uses including retail, pet grooming/vet, medical office, specialty, spa, Beauty Salon, financial companies, daycare, and more. The possibilities are endless.

Downtown Puyallup 9,900 sq ft retail building. Rare find in this active retail/office market. Location...location...location on the corner of South Meridian and Meeker Street. Right in the heart of Puyallup Business District.

3.59 Acres + 13,267 SF Showroom + Shop