***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"
MLS# | 2284856 |
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Listing Type | For Sale |
Style | Commercial |
Sub-Type | Resale |
Status | Active |
Year | 1916 |
Days On Site | 241 |
Listing Provided By | Venture Real Estate Group LLC | Tammie Tom-Freeman |
Zoning | Multi-Family,Office,Retail |
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Acreage | 0.30 |
State | WA |
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County | Pierce |
City | Tacoma |
Zip Code | 98418 |
Area | 54 South Tacoma |
Community Name | Lincoln |
Listing VS Median (in Lincoln) | |
Price: $1,269,000 low | high Med: $399,999 On site: 241 low | high Med: 18.000000 |