$ 1,550,000
809 S 38th ST Tacoma, WA 98418
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Listed by Venture Real Estate Group LLC
$ 1,550,000
Est. payment /mo
Active
809 S 38th ST Tacoma, WA 98418
0.3 Acres Lot
UPDATED:
11/15/2024 12:24 PM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Lincoln
MLS Listing ID 2284856
Style 75 - Retail
Year Built 1916
Annual Tax Amount $7,053
Lot Size 0.298 Acres
Property Description
Excellent and rare investment or owner user opportunity located in the heart of Tacoma's revitalized Lincoln District. Proforma CAP 7.45%. Potential redevelopment opportunity with multi-use zoning and multiple new development sites nearby within revitalized Lincoln District. The Horsfall mixed-use commercial building is comprised of a total of 13 units, three retail spaces and an attached warehouse on main level, on the second level, six studio apartments and three SEDUs with opportunity to change either the floorplan or unit mix during renovation. Great proforma income with second floor residential buildout and retail lease potential. Designated parking behind the building. Conveniently located minutes to Tacoma Mall, T-Mobile, & more!
Location
State WA
County Pierce
Area 54 - South Tacoma
Interior
Interior Features Concrete, Fir/Softwood, Wall to Wall Carpet
Flooring Concrete, Softwood, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick
Roof Type Composition,Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
"Three Trees" icon indicates a listing provided courtesy of NWMLS.