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16701 Pacific Ave S
Spanaway, WA 98387 Spanaway

$950,000 USD

Bar For Sale  •  2,181 SF

Property Details

  • Property Type Bar
  • Total Building Size 2,479 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1950
  • Tenancy Single
  • Zoning UCOR
30 Transit Score
40 Walk Score

Description

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.

Major Tenants

Tenant SF Occupied Lease End Date
T J's Pub

Amenities

  • Corner Lot
  • Restaurant

Public Transportation

Commuter RailDriveWalkDistance
14 min - 7.1 mi
16 min - 8.9 mi
AirportDriveWalkDistance
Seattle-Tacoma International 51 min - 33.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Tory Mayfield 253-835-4500 Keller Williams Realty
Tory Mayfield 253-835-4500 Keller Williams Realty