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Listed by Venture Real Estate Group LLC
$1,269,000
Est. payment /mo
0.3 Acres Lot
UPDATED:
01/30/2025 01:10 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
***Price Reduction -$280K** 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 w/multi-use zoning and multiple new development sites nearby within revitalized Lincoln District. Horsfall mixed-use comm building comprised of total of 13 units, three retail spaces & attached warehouse on main level, on 2nd level, six studio apartments and three SEDUs with opportunity to change either the floorplan or unit mix during renovation. Great proforma income w/ 2nd floor resi buildout & retail lease potential. Designated parking behind building. Conveniently located minutes to Tacoma Mall, T-Mobile, & more! Property sold "As Is"
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
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