8803 State Route 16 NW $850,000

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    8803 State Route 16 NW Gig Harbor, WA 98332

    • 0.59 Acres
    • Commercial/Industrial
    Listing# 1505195
    SOLD 9/27/2019

    $850,000

    Days On Market: 17 1 Views
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    Property Details

    Here is your chance to own an established, income producing property in a very hot and growing Gig Harbor location! The site features a one story building with a daylight basement and a large 2,800 sf warehouse with multiple bays. The main building has many upgrades including: new paint, flooring, attic insulation and water heater. There is one tenant on the top level who also leases the warehouse and one tenant on the bottom level. There is also 900sf of office/ retail that is vacant.

    • General Features
      • County Pierce
      • Approx Building SqFt 4,100
      • Approx Office SqFt 1,000
      • Approx Whse/Mfg SqFt 2,800
      • Zoning Class Business, Commercial, Office
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 4
      • Total Uncovered Parking 12
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Wood Products
      • Foundation Slab
      • Roof Composition
      • Floor Covering Ceramic Tile, Hardwood, Vinyl, Wall-to-Wall Carpet
      • Heating and Cooling Forced Air
      • Loading 1-3 Bays, 10'-15' Doors
    • Property Features
      • Depth of Lot 148
      • Site Frontage 126
      • Expansion Area N
      • Environment Survey N
      • Water-Sewer-Garbage 500
      • Sewer Company N/A
      • Energy Source Electric, Propane
      • Power Company Peninsula Light
      • Number of Available Pads 0
      • Pad Ready N
      • Lot Square Footage 25,788
    • Financials
      • Free and Clear N
      • Vacancy Rate 5
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 7.30
      • Gross Scheduled Income $85,200
      • Gross Adjusted Income $80,940
      • Total Expenses $18,208
      • NOI $62,732
      • Electrical Expenses $3,845
      • Tax Expense $6,190
      • Heating Expense $3,850
      • Insurance Expense $2,593
      • Other Expenses $1,230
      • Tax Year 2019
      • Annual Assoc. Dues $0

    Neighborhood

    98332 (Gig Harbor) Demographics

    46Median Age
    822Population Density (per sq. mile)
    53%College Educated
    $90,543 Estimated Median Income
    5,201Estimated Total Home Owners
    1,153Estimated Total Renters
    82% / 18%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    17,208Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $544,995 Median Sales Price
    35 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        9/27/2019 12:00:00 AM Sold Source New Value: $850,000
        8/16/2019 9:41:14 AM Status Changed Source New Value: Pending Feasibility

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.