1900 E D St - Restaurant FOR SALE


Tacoma, WA 98421
$6,950,000 USD
253-319-1309
1900 E D St, Tacoma, WA for Sale
$6,950,000 USD
Restaurant - FOR SALE
1/39
null | Request Cap Rate

1900 E D St
Tacoma, WA 98421


HIGHLIGHTS

  • Four sources of revenue.
  • Waterfront location near downtown Tacoma
  • Multifamily Tax Exemption
  • Cash flow during entitlement and construction
  • Low land cost per unit for waterfront property
  • 56 Slip Marina

OVERVIEW

Johnny's Dock Restaurant and Marina is located on the scenic Thea Foss Waterway in the Central Business District of Tacoma, Washington. The property features a 9,525 square foot waterfront restaurant with spectacular views of downtown Tacoma, a 56 slip marina and approximately 41,646 square feet of land available for mixed use, hotel or office development. The proposed mixed use development calls for a 10 story building with 84 residential units, 5 commercial suites, a rooftop community room and 3 floors of garage parking. As a mixed use property, it qualifies for a City of Tacoma Multifamily Tax Exemption eliminating structure tax for eight years. Waterfront residential units offer potential tenants sweeping views of the Foss Waterway, downtown Tacoma and out to Commencement Bay from the upper floors. The onsite marina provides boating enthusiasts convenient access to Puget Sound and beyond. Johnny’s Dock Restaurant features extraordinary views of the downtown Tacoma skyline leaving customers with a memorable dining experience day or night. When weather allows, the outdoor deck is perfect for live music and dining next to the full service bar. The combined dining room, bar, deck and three banquet rooms have a dining capacity of over 300. The kitchen is equipped with a type 1 hood, three walk in coolers, multiple prep areas, three management offices and a loading dock. The location is ideal for drawing customers from downtown or the Tacoma Dome as a pre or post event meeting spot.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$730 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Johnny's Dock and Marina

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.63 AC

LAND SF

114,563 SF

ZONING

S1-14

APN/PARCEL ID

895000-1625

ASK ABOUT THIS PROPERTY

Jeff HulingBest Choice RealtyMore Info
253-319-1309

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Jeff HulingBest Choice RealtyMore Info
253-319-1309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.