601 N K St
Tacoma WA 98403
601 N K Street
601 N K St Tacoma WA 98403
Listing #: 674167 | Status: Pending | Last Modified: 3/5/2024 |
For Sale
- Phone:(206) 915-6028
- Email:Kelsey@CityClosers.com
- Office Name:City Closers Commercial Real Estate
- Office Phone:(206) 915-6028
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
SEE_NOTES
- Listing Price$ 1,425,000.0
- $/SF$ 370.1
- $/Unit$ 237,500.0
- Listing StatusPending
- Days on Market174
- Asset ClassRetail, Multi-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income111,600
- Vacancy Factor %0.00%
- Operating Expenses9,340
- Net Operating Income102,260
- CAP Rate 7.42 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units6
- Sanitary SewerCity
- Water
- Electricity
- Storm SewerCity
- Gas LinesCity
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units6
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3840
- Net Rentable Area3850
- Total Office SF
- Largest Contiguous SF1446
- Lot SF6490
- Acres0.15
- Property TypeRetail
- Office Type
- Building Class
- CountyPierce
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNorth Tacoma
- Tax ID #2036210071
- Additional Parcels
- ZoningC1-HIST
- # Covered Spaces0
- # Uncovered Spaces8
- Total Parking Spots8
- Parking Ratio
- Year Built1905
- Year Renovated2019
- Completion Date
- Roof Type
- Construction Type
Mixed Use Commercial Opportunity In Premier Tacoma
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.
