740 744 Broadway, Tacoma, WA 98402

$1,400,000

Listing courtesy of Keller Williams Downtown Sea. Selling Office: Better Properties N. Proctor.

Sold Price
$1,400,000
List Price
$1,400,000
Status
SOLD
MLS#
1106221
Closing Date
Mar 07, 2018
Days on Market
229
Annual Tax Ammount
15542

Property Description

Historic Downtown Tacoma storefront building fully leased with mixed use retail and a Bar-Lounge. frontage on both Broadway and St Helen's Ave. Current 6.6% cap 2018 long term tenants with long lease terms 5 Years and a GREAT DEVELOPMENT OPPORTUNITY for the future. located in DCC zoned district intended for high rise office buildings & hotels, street level shops & theaters in walk-able area, with transit. best use high rise office, hotel, Multifamily-Residential, max building height is 400 feet.

Additional Information

Community
New Tacoma
Building Condition
Good
Style
75 - Retail
Year Built
1919
Roof
Flat, Torch Down
Tax Year
2017
Potential Terms
Cash Out, Conventional, Owner Financing
Interior Features
Ceramic Tile, Hardwood
Flooring
Ceramic Tile, Hardwood
Driving Directions
From A street West go left on 9th Right on Broadway and its on the left side.
Electric Expenses
6125
Other Expenses
5110
Net Operating Income
$68,772
Gross Scheduled Income
$112,735
Water/Sewer/Garbage Expenses
$6,125
Cap Rate
4.93
Vacancy Rate
1
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks