$1,269,000
( )
 $6,812 est/mo Sourced by Back At You

809 S 38th Street,Tacoma, WA 98418

Tacoma, WA 98418

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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"

Details

MLS#2284856
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1916
Days On Site241
Listing Provided ByVenture Real Estate Group LLC | Tammie Tom-Freeman

Features

ZoningMulti-Family,Office,Retail
Acreage0.30

Market Activity 98418

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Listings Checked: 3 minutes ago
StateWA
CountyPierce
CityTacoma
Zip Code98418
Area54 South Tacoma
Community NameLincoln
Listing VS Median (in Lincoln)
Price:
$1,269,000
low | high
Med:
$399,999
100% of Average
On site:
241
low | high
Med:
18.000000
100% of Average
Sourced by Back At You
Listing Updated: April 25, 2025 at 2:40:52 PM PDT