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601 N K Street
601 N K St Tacoma WA 98403
Listing #: 674167 | Status: Pending | Last Modified: 5/8/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 111,600 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 9,340 |
| Net Operating Income | 102,260 |
| CAP Rate | 7.42 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Total Units | 6 |
| Utilities | |
|---|---|
| Sanitary Sewer | City |
| Storm Sewer | City |
| Gas Lines | City |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 6 |
| Total Building SF | 3,840 SF |
| Net Rentable Area | 3,850 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 1,446 SF |
| Lot SF | 6,490 SF |
| Acres | 0.15 |
| Year Built | 1905 |
| Year Renovated | 2019 |
| Property Type | |
|---|---|
| Property Type | Retail |
| Location | |
|---|---|
| County | Pierce |
| Market Area | North Tacoma |
| Tax ID # | 2036210071 |
| Zoning | C1-HIST |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 8 |
| Total Parking Spots | 8 |
Mixed Use Commercial Opportunity In Premier Tacoma
SEE_NOTES
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.
601 N K Street
601 N K St Tacoma WA 98403
Listing #: 674167 | Status: Pending | Listing Date: 11/6/2023 | Last Modified: 5/8/2024 | Email Listing
For Sale
601 N K Street
