$4,780,000

7030 -7052 Pacific Avenue, Tacoma, WA 98408

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2007
  • Property Lot Size Icon1.76acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This listing courtesy of Kevin G. Verger, Kidder Mathews

We are pleased to present the opportunity to acquire Seventy Two Pacific, a 22,996 SF retail center located near the signalized intersection of E 72nd St & Pacific Ave with excellent visibility & traffic exposure, with over 42,000+ vehicles per day. The offering includes two existing buildings, a fully-leased 4-tenant retail center providing immediate cash flow at a 6.75% in-place cap rate, and an adjacent 18,442 SF recently vacant retail building offered well below replacement cost at $165/SF, providing flexibility for an owner-user, value-add investor, or developer. Additionally, permits have been submitted for a 3,000 SF retail building to be constructed on the south end of the parcel, providing future upside.

Listing Status:
Active
Listing Office:
Kidder Mathews : 360-705-2800
Listing Agent:
Kevin G. Verger : 360-705-2800
MLS ID:
2437241
  • A/C: Other – See Remarks
  • Heating: Other – See Remarks
  • Fireplace: Fireplaces: 0
  • Parking: Parking spaces: 0
  • General: 75 - Retail
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • County: Pierce
  • Zoning: 6615001852
  • Water: See Remarks
  • Sewer: Available
  • Source: nwmls

This listing courtesy of Kevin G. Verger, Kidder Mathews

Monthly Payment

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

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Location

Schools Nearby

L

Lyon Elementary School

101 E 46th St, Tacoma, WA, 98404

Grades PK-5

0.30 miles away

S

Stewart Middle School

6501 S 10th St, Tacoma, WA, 98465

Grades 6-8

0.08 miles away

L

Lincoln High School

701 S 37th St, Tacoma, WA, 98418

Grades 9-12

0.97 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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