809 S 38th Street
Tacoma, WA 98418
0.30 acres | #2284856
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"
Property Details
- InteriorConcrete, Fir/Softwood, Wall to Wall Carpet
- Property SubtypeCommercial Industrial
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Date ListedAugust 30, 2024
- Style75 - Retail
- Original List Price$1,550,000
- Property TypePurchase
- SubdivisionLincoln
- MLS #2284856
- Cost1269000
- MLS #2284856
- Acres0.2984
- Utility SourcePublic
- CountyPierce
- Taxes Annual$7,053
- Structure TypeRetail
- Exterior MaterialsBrick
- Year Built1916
- Days on Market (Cumulative)151
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-30 05:10:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Tammie Tom-Freeman (#NWM126851)
Listing Office: Venture Real Estate Group LLC (#NWM3409)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
