www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33885576
33885575

923 Southwest 152nd Street, Burien, WA 98166

KS
WA 126435
NAI Puget Sound Properties
SJ
WA 138068
NAI Puget Sound Properties
Listed by NAI Puget Sound Properties
$1,550,000
5 days on market
Updated 5 days ago

923 SW 152nd St

Details
Property Type Retail, Office
Sub Type Restaurant, Bar (+1)
Square Footage 3,812
Cap Rate 7.00%
NOI $108,639
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lot Size (SqFt) 4,702
Investment Type Stabilized

Retail | 7.00% CAP | 3,812 SqFt

Marketing description

NAI Puget Sound Properties is pleased to present 923 SW 152nd St, Burien, WA, a fully leased mixed-use retail asset located along Burien's highly trafficked and sought-after 152nd Street corridor. The 3,812 SF building sits on a 4,702 SF parcel and is anchored by The Tin Room Bar & Theater, a beloved Burien community staple that has operated successfully in this location for over 20 years.

The Tin Room occupies the primary retail space under a new 5-year, full triple-net lease, offering investors passive, management-light income backed by a proven, long-standing operator. The property also includes a secondary office tenant located in a mezzanine space above, providing additional income diversification.

Featuring a full-service bar, dining room, commercial kitchen, outdoor patio seating, and a unique in-place movie theater/event venue, the property benefits from strong experiential retail fundamentals that are difficult to replicate.

The Tin Room Bar & Theater has been a cornerstone of Olde Burien for 21 years, opening in 2004 after the historic Hi-Line Tin Shop (est. 1930)—Burien's longest continuously operating business—was transformed into the bar, restaurant, and theater that exists today. Located along Burien's premier SW 152nd Street corridor, the property has had only two owners since 1930 and benefits from strong foot traffic, walkability, and a loyal community following.

The Tin Room features a full-service bar with craft cocktails, local beers, and elevated American comfort food, along with an intimate dining room, patio seating, and a vintage on-site theater for private events and screenings. The venue has also been recognized by both The Seattle Times and The New York Times, reinforcing its reputation as one of Burien's destination establishments.

Investment highlights

  • ICONIC LOCAL ANCHOR TENANT - Anchored by The Tin Room, a long-standing Burien institution with over two decades of operating history, drawing consistent local traffic and community engagement.
  • NEW 5-YEAR NNN LEASE - Tenant operates under a fresh 5-year triple-net lease, minimizing landlord responsibilities and providing predictable, passive cash flow.
  • EXPERIENTIAL RETAIL ASSET - Property includes a rare combination of bar, restaurant, outdoor patio, and private theater/event space—creating a destination-style tenant use resistant to e-commerce disruption.
  • HIGH-VALUE, TURNKEY BUILDOUT - The extensive, high-quality improvements represent a significant capital investment that would be costly to replicate, offering a fully built-out, turnkey venue with strong tenant retention and long-term value.
  • PRIME 152ND STREET CORRIDOR LOCATION - Positioned on one of Burien's most active retail corridors with strong visibility, consistent traffic counts, and proximity to dense residential and mixed-use developments.

Listing Contacts

KS
WA 126435
NAI Puget Sound Properties
SJ
WA 138068
NAI Puget Sound Properties
Listed by NAI Puget Sound Properties

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,639.00
$9,053.25/mo

Valuation Metrics

0
DSCR
7.01%
Cap Rate
7.01%
ROI

Map

Zoning

Intelligence Badge
MU-DT MixedMixed UseDowntown Mixed Use
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 39 uses
View all 39 uses
Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591