2301 Pacific Avenue, Tacoma, WA 98402
- $1,375,000
Listing courtesy of Venture Real Estate Group LLC.
- List Price
- $1,375,000
- Status
- ACTIVE
- MLS#
- 2550881
- Days on Market
- 19
- Annual Tax Ammount
- 7590.12
Property Description
Great owner-user or investment opportunity featuring two separate commercial buildings on one parcel. One building is leased to an established glassblowing studio, providing stable in-place rental income. The second building is vacant and was previously home to a successful burger restaurant for many years, offering exceptional flexibility for an owner-occupant, new tenant, or a variety of commercial uses.
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Additional Information
- Community
- Tacoma
- Building Condition
- Good
- Style
- 75 - Retail
- Year Built
- 1945
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Driving Directions
- From I-5, take Exit 133 for I-705 N toward Tacoma City Center. Follow I-705 N to the Pacific Ave. Head south on Pacific Ave crossing S 19th and S 21st St. The property will be on the right.
- Other Expenses
- 11675
- Energy Source
- Electric
- Net Operating Income
- $40,166
- Gross Adjusted Income
- $63,000
- Gross Scheduled Income
- $63,000
- Cap Rate
- 6.5
- Total Expenses
- $22,833
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.