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Listed by Venture Real Estate Group LLC
$ 1,269,000
Est. payment /mo
Active
809 S 38th ST Tacoma, WA 98418
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
"Three Trees" icon indicates a listing provided courtesy of NWMLS.