$1,425,000
601 N K Street
Listing Type: For Sale
Property Type: Multi-Family, Retail
Status: Pending
CBA ID#: 674167
Property Type: Multi-Family, Retail
Status: Pending
CBA ID#: 674167
Marketing Description:
Investors! Capitalize on this high performing, turnkey building in North End Tacoma. Watch the video OM: https://vimeo.com/884736890 This is a 100% leased asset where the commercial anchor tenant (66 years in business) has a new 20-year NNN lease with 3% annual increases! Actual Cap Rate is 7.42%. Potential for value add by building more units in the rear of the property with alley access. This corner property has water views from the 3rd floor and it's located in one of the most prized neighborhoods of Tacoma. The main commercial tenant's space was completely renovated in 2019. The building has three commercial spaces occupied by one commercial tenant and three residential apartments with eight off-street parking spots. Near to the new rail system, medical, retail, restaurants & parks.Land Features:
- Lot Size: 6490 SqFt
- Lot Acreage: 0.15 Acres
- Zoning: C1-HIST
- Total Parking: 8
- Uncovered Parking: 8
Building Features:
- Building Size: 3840 SqFt
- Available Space: 3840 SqFt
- Number of Floors: 3
- Cap Rate: 7.18%
- Year Built: 1905
This Listing Supplied Courtesy of City Closers Commercial Real E
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
