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Listed by Seattle Works Real Estate
$1,280,000
Est. payment /mo
9,750 Sqft Lot
New
4008 S Pine ST Tacoma, WA 98409
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Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Tacoma Mall
MLS Listing ID 2353393
Style 60 - Comm Bldg Und 10K
Year Built 1956
Annual Tax Amount $5,192
Lot Size 9,750 Sqft
Property Sub-Type Commercial Industrial
Property Description
This commercial property presents a lucrative investment opportunity within Tacoma's vibrant Urban Center Mixed-Use District (UCX), the South Tacoma Groundwater Protection District (STGPD) and Opportunity Zone, offering exceptional accessibility and future development potential. Strategically located just off the Tacoma Mall and easy access to I-5, this property benefits from high visibility and seamless connectivity. Currently fully leased with a robust 7% cap rate, this property guarantees consistent and reliable income, supported by 2 long-term rental tenants. Zoned to accommodate multiple types buildings, presenting a significant redevelopment or conversion opportunity with base height of 65 feet, with the potential to increase to 85ft.
Location
State WA
County Pierce
Area 48 - South Tacoma
Interior
Interior Features Ceramic Tile, Hardwood, Laminate
Flooring Ceramic Tile, Hardwood, Laminate
Fireplace false
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Lease Purchase
Listing Terms Cash Out, Lease Purchase
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