809 S 38th ST Active

Tacoma,WA 98418

$ 1550000

- Bed

- Bath

0 SqFt


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

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