803-809 S 38th St - Storefront Retail/Office FOR SALE


Tacoma, WA 98418
$1,269,000 USD
425-835-2304
803-809 S 38th St, Tacoma, WA for Sale
$1,269,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 6.28% Cap Rate

803-809 S 38th St
Tacoma, WA 98418


OVERVIEW

** Price Reduction ** 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, 24 Hour Fitness, Safeway, Target & more. Perfect project investment in a growing and developing market in Tacoma. Contact LA with questions or to schedule a tour. * Property sold "As Is"

FOR SALE DETAILS

PRICE

$1,269,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

6.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

F.H. Horsfall Bldg.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

NCX

APN/PARCEL ID

893501-5110

ASK ABOUT THIS PROPERTY

Tammie FreemanVenture Real Estate GroupMore Info
425-835-2304

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Tammie FreemanVenture Real Estate GroupMore Info
425-835-2304

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