Map of Property

Southcenter Parkway Shopping Center

For Sale

16901 - 16813 Southcenter Pkwy, Tukwila, WA 98188

This Tukwila property for sale is located at 16901 - 16813 Southcenter Pkwy. The current listed sale price for Southcenter Parkway Shopping Center is $3,500,000. Southcenter Parkway Shopping Center is situated on a lot that is 3.55 acre in size.

Contacts

Kyle Sterling

NAI Puget Sound Properties

Property Details

  • Property Type Retail - Strip
  • Property Size 52,139 SF
  • Units 10
  • Lot Size 3.55 Acre
  • Date Updated Jun 22, 2026
The center is situated in the heart of the Southcenter retail corridor, one of the Pacific Northwest’s most trafficked retail trade areas, directly adjacent to Westfield Southcenter Mall and surrounded by a dense concentration of national and regional retailers, hotels, and employment centers.NAI Puget Sound Properties is pleased to exclusively offer for sale the leasehold interest in the Southcenter Parkway Shopping Center, comprising a 52,139 SF multi-tenant retail center located in the highly desirable Southcenter area of Tukwila, WA. This offering represents a unique opportunity to acquire the improvements for an extremely low cost basis and high stabilized yield. The buildings are subject to two ground leases (one for each parcel) with 19 and 17 years of term remaining, respectively. The ownership of the improvements revert to the landowner at expiration.
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Highlights

  • 52,139 SF of Retail Space on a 3.55 AC Site
  • Compelling 20%+ IRR Potential Through Ground Lease Expiration
  • Irreplaceable Location - Adjacent to Southcenter Mall
  • Leasehold Sale – Improvements Only (Land Not Included)
  • Low Basis Entry Point - $67 Per Foot on the Building
  • Price: $3,500,000
  • Prime Southcenter Retail Asset
  • Significant Value-Add Upside – 23%+ Stabilized Cap Rate
  • Subject to Ground Leases Expiring in 17 & 19 Years

Attachments

Getting around

  • 57/100

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  • 46/100

    Transit Score ®

  • 34/100

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Location

  • City Tukwila, WA
  • Zip Code 98188
  • Market Seattle

Points of Interest

  • Uber Pickup Zone

    0.42 miles

  • Tukwila International Boulevard

    1.44 miles

  • Capital Aeroporter Airport Shuttle

    1.87 miles

  • N Gates

    1.87 miles

  • A Gates

    1.89 miles

  • C Gates

    1.94 miles

  • B Gates

    2.04 miles

  • S Gates

    2.06 miles

  • Kent

    4.91 miles

  • Rainier Beach

    4.94 miles

  • Chevron

    0.28 miles

  • Tesla Supercharger

    0.32 miles

  • Electrify America

    0.37 miles

  • Arco

    0.85 miles

  • Texaco

    0.88 miles

  • Costco Gasoline

    0.89 miles

  • 76

    1.29 miles

  • ChargePoint

    1.36 miles

  • Alliance Auto Gas

    1.42 miles

  • Blink

    1.48 miles

  • Olympia Garage

    0.39 miles

  • Cascade Garage

    0.49 miles

  • Tukwila Station Park & Ride

    1.14 miles

  • ShuttlePark 2

    1.27 miles

  • Extra Car Parking

    1.42 miles

  • Tukwila International Boulevard Station Parking

    1.44 miles

  • MasterPark Airport Valet Parking

    1.47 miles

  • MasterPark Lot C

    1.48 miles

  • MasterPark Lot B

    1.49 miles

  • Park N' Fly

    1.54 miles

  • Chilli O Chilli

    0.09 miles

  • Dong Thap Noodles

    0.09 miles

  • The Habit Burger Grill

    0.10 miles

  • Arashi Ramen - Tukwila

    0.10 miles

  • Bai Tong Thai

    0.11 miles

  • Pho Tai Vietnamese Noodle Shop

    0.11 miles

  • Max's Restaurant

    0.12 miles

  • Miyabi Sushi

    0.12 miles

  • Panda Express

    0.13 miles

  • Five Guys

    0.15 miles

  • Kohl's

    0.26 miles

  • Target

    0.30 miles

  • TW Carrol

    0.35 miles

  • Sears

    0.43 miles

  • Burlington

    0.47 miles

  • Ross

    0.51 miles

  • Westfield Southcenter

    0.52 miles

  • Nordstrom

    0.54 miles

  • JCPenney

    0.55 miles

  • Macy's Backstage

    0.56 miles

Contact Listing Broker
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