601 S 38th Street, Tacoma, WA 98418
- $1,000,000
Listing courtesy of Theory Real Estate. Selling Office: Better Properties UP/Fircrest.
- Sold Price
- $1,000,000
- List Price
- $999,950
- Status
- SOLD
- MLS#
- 2128440
- Closing Date
- Sep 29, 2023
- Days on Market
- 21
- Annual Tax Ammount
- 1693
Property Description
CALLING ALL INVESTORS, LIVE WORK, & OWNER OCC AUTO SHOP OWNERS! Incredible opportunity w/ this commercial building in South Tacoma! This is a 2 story building in NCX zoning w/ very high traffic & walker count for max business exposure! Ground level has a large 3 bay door shop w/ tall ceilings that fit up to 10 cars! Plenty of storage space, downstairs office, lobby, & 2 restrooms! Additional work space w/ attached oversized 2 car garage w/ another storage room! Upstairs is a spacious studio apartment w/ kitchen and ¾ bath! Off street covered parking for 6 cars under the huge carport + additional uncovered parking for 12+ cars! This is perfect for an investor looking to buy/exchange or a business owner to set up shop/expand their business!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- Community
- Lincoln
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1985
- Tax Year
- 2023
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Interior Features
- Concrete
- Flooring
- Concrete
- Driving Directions
- Exit off I-5 going East onto S 38th St. Property is on your left just after S G St (next to Starbucks).
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $70,123
- Gross Adjusted Income
- $74,316
- Gross Scheduled Income
- $74,316
- Cap Rate
- 7.01
- Total Expenses
- $4,193
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.