1. Washington
  2. Tacoma
  3. 4008 S Pine Street
$1,280,000

4008 S Pine Street, Tacoma, WA 98409

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon9,749sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

This listing courtesy of Andreina Tinoco, Seattle Works Real Estate

This commercial property presents a lucrative investment opportunity within Tacoma's vibrant Urban Center Mixed-Use District (UCX), the South Tacoma Groundwater Protection District (STGPD) and Opportunity Zone, offering exceptional accessibility and future development potential. Strategically located just off the Tacoma Mall and easy access to I-5, this property benefits from high visibility and seamless connectivity. Currently fully leased with a robust 7% cap rate, this property guarantees consistent and reliable income, supported by 2 long-term rental tenants. Zoned to accommodate multiple types buildings, presenting a significant redevelopment or conversion opportunity with base height of 65 feet, with the potential to increase to 85ft.

Listing Status:
Active
Listing Office:
Seattle Works Real Estate : 206-203-9943
Listing Agent:
Andreina Tinoco : 206-203-9943
MLS ID:
2353393
  • General: Ceramic TileLaminate
  • Flooring: Ceramic TileHardwoodLaminate
  • A/C: Forced Air
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0

This listing courtesy of Andreina Tinoco, Seattle Works Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Reed Elementary School

1802 S 36th St, Tacoma, WA, 98418

Grades PK-5

0.71 miles away

G

Giaudrone Middle School

4902 S Alaska St, Tacoma, WA, 98408

Grades 6-8

0.90 miles away

O

Oakland High School

3319 S Adams St, Tacoma, WA, 98409

Grades 9-12

0.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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