Property Details

16701 Pacific Ave S
Spanaway, WA 98387
$950,000
CBA# 714737 courtesy of CBA Listing firm: Keller Williams Realty – Federal Way

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16701 Pacific Ave S, Spanaway

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Commercial
Property Type
2,479
Bldg Sq Ft
6.00%
Cap Rate
1939
Year Built

Property Overview

Rare owner-operator & value-add investment opportunity to acquire both the business & real estate of a long-established neighborhood bar occupying a highly visible, signalized corner at Pacific Ave/SR-7 & 167th Street. If your vision is to own a bar, acquiring a comparable corner location and developing a new establishment from the ground up would require significant time, capital, permitting, utilities, construction, equipment, licensing & considerable uncertainty. Instead, capitalize on the existing infrastructure by breathing new life into an established business with meaningful upside through operational improvements, modernization and an enhanced food, beverage, gaming & customer experience.If your aspirations don’t involve owning a bar, the existing business provides the opportunity to operate an established income-producing use while pursuing your long-term vision for this exceptional commercial asset on one of Pierce County’s busiest & most visible commercial corridors.Whether your plan is to maximize the existing operation, reposition the business, lease it to an operator, or capitalize on the long-term value of this premier commercial corner, opportunities combining real estate, business, infrastructure & location are becoming increasingly difficult to find. While you can remodel a building & rebrand a business, you cannot recreate this location. Business & real estate to be sold together. Show by appointment only. Please do not disturb employees or patrons.

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Pierce
Listed Jul 1, 2026

Financial Summary

Cap Rate 6.00%

Building & Use

Building Sq Ft 2,479
Leasable Area 2,470 sqft
Zoning UCOR
Possible Use Hotel/Motel
Year Built 1939

Exterior & Lot

Year Built 1939

Location

City Spanaway
County Pierce
Coordinates 47.10480, -122.43500
Listed By
Tory Mayfield
Keller Williams Realty – Federal Way

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