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2912 27th St W University Place WA 98466
Listing #: 696328 | Status: Pending | Last Modified: 7/9/2025
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 104,340 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 26,938 |
| Net Operating Income | 77,402 |
| CAP Rate | 5.98 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| 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 | 1 |
| Total Building SF | 7,263 SF |
| Net Rentable Area | 7,263 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 21,850 SF |
| Acres | 0.5 |
| Year Built | 1953 |
| Property Type | |
|---|---|
| Property Type | Retail |
| Location | |
|---|---|
| County | Pierce |
| Market Area | University Place/Fircrest |
| Tax ID # | 9180200430 |
| Zoning | MU-N45 |
Phase I & II ENVIROMENTAL REPORT noted "no additional investigation..." (reports available for review). Iconic Pine Cone Cafe Bldg. is located in the heart of all things UP/Chambers Bay. Check w/city of UP about the proposed apartments to be built nearby which could generate a sizable uptick in visitors to the building's businesses. Newer upgrades include: 3 mini splits & TPO membrane roof installed in 2020. Additional heating: commercial gas/electric rooftop package unit, & wall mounted electrical heaters. There is a 120 sq ft space that could be developed (has a bathroom) currently used as storage. All other units rented (see Rent Roll for more info.) 40 parking spaces, high walkability. Great opportunity to own a sweet part of UP history.
2912 27th St W
2912 27th St W University Place WA 98466
Listing #: 696328 | Status: Pending | Listing Date: 4/24/2025 | Last Modified: 7/9/2025 | Email Listing











