LISTING DETAILS

2912 27th St W

2912 27th St W University Place WA 98466

Listing #: 696328 | Status: Pending | Last Modified: 7/9/2025

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income104,340
Vacancy Factor %0.00%
Operating Expenses26,938
Net Operating Income77,402
CAP Rate5.98 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Retail Asset Class Info
Crane Tonnage0
Building Information
Building StatusExisting
# of Buildings1
# of Floors1
Total Building SF7,263 SF
Net Rentable Area7,263 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF21,850 SF
Acres0.5
Year Built1953
Property Type
Property TypeRetail
Location
CountyPierce
Market AreaUniversity Place/Fircrest
Tax ID #9180200430
ZoningMU-N45

7912 27th St W

Public Comments

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

For Sale

2912 27th St W

Listing Images