7030 Pacific Avenue in Tacoma
| Listing ID: | 2512268 (Commercial) |
|---|---|
| Listing Price: | $3,710,000 |
| Days on Market: | 9 |
Details | |
| Lot Size: | 1.76 acre (76,458 sqft) |
Pleased to present the opportunity to acquire Seventy Two Pacific, a 22,996 SF retail center located near the signalized intersection of E 72nd St & Pacific Ave with excellent visibility & traffic exposure, with over 42,000+ vehicles per day. The offering includes two existing buildings, a fully-leased 4-tenant retail center providing immediate cash flow at a 6.75% in-place cap rate, and an adjacent 18,442 SF recently vacant retail building offered well below replacement cost at $105/SF, providing flexibility for an owner-user, value-add investor, or developer. Additionally, permits have been submitted for a 3,000 SF retail building to be constructed on the south end of the parcel, providing future upside.
This listing is provided courtesy of NWMLS, contributed by Kidder Mathews.
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