South Town Center/Gateway Office Building For Sale

An office building on 56th Ave W just south of 241st St SW was recently listed for sale. The 0.37 acre property is listed for $800,000. At $2.16 million per acre the asking price is on par with what we have been seeing elsewhere in the Town Center. While there are many properties listed in this price range, few have sold. This building was formerly home to Professional Service Industries, Inc. (PSI), consulting engineering and testing firm. The majority of the development in the neighborhood has been focused near or north of 236th/56th. While there are several developments planned south of 236th/56th, the only recent development activity has been the remodel of an existing building for use as a bakery.

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