Listing provided courtesy of Keller Williams Realty PSNWMLSas Distributed by MLSGrid- MLS# NWM2545556MLS Provider

16701 Pacific Avenue SSpanaway, WA 98387

Commercial · 0.31 Acres
$950,000 Active

16701 Pacific Avenue S Overview

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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.

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16701 Pacific Avenue S Facts & Features

  • Type Commercial
  • Lot 0.31 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Building Information

  • Year Built: 1939

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 99 - Spanaway
  • Subdivision Name: Tacoma

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 5025001870
  • Possible Use: Business,Commercial
  • Property Condition: Average
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Approximate Building Square Feet: 2479
  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 25
  • Parking Uncovered Total: 25

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.3099
  • Lot Size Dimensions: 85 150 150 84
  • Lot Size Square Feet: 13500
  • Lot Size Units: Square Feet
  • Site Frontage: 150
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Construction Methods: Standard Frame
  • Roof: Composition
  • Structure Type: Unspecified

General Information

  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 0
  • Sewer: Sewer Connected

16701 Pacific Avenue S Neighborhood

Community

98387 (Spanaway) Demographics

32
Median Age
1,784
Population Density (per sq. mile)
30%
College Educated
$80,272
Estimated Median Income
12,142
Estimated Total Home Owners
4,211
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

16701 Pacific Avenue S Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

16701 Pacific Avenue S Market Data

Based on the last 30 days in this zip code

$545,944
Average List Price
$273
Average Price per Square Foot
52
Properties Sold
78
Average Days on Market
290
Properties for Sale
Calculations provided by Reliance Network

16701 Pacific Avenue S History

Date Event Value Agent
6/30/2026Source: NWMLS Added to Database
June 30, 2026
6/30/2026Source: NWMLS Added to Database
June 30, 2026