4008 S Pine Street in Tacoma
| Listing ID: | 2353393 (Commercial) |
|---|---|
| Listing Price: | $1,280,000 |
| Days on Market: | 31 |
Details | |
| Lot Size: | 0.22 acre (9,750 sqft) |
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.
This listing is provided courtesy of NWMLS, contributed by Seattle Works Real Estate.
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