For Sale
$699,000

5602 Lawrence StTacoma, WA 98409

Prime location, high potential, 3,646 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional 3,646-square-foot, two-story building in South Tacoma presents a remarkable investment opportunity. Situated on a 5,000-square-foot lot (.115 acres), this property boasts a prime location between I-5 and South Tacoma Way, directly on 56th Street. Originally configured as a bar with a manager's apartment on the upper level (1,823 sq ft each), the building's adaptability is a key asset. It's easily convertible to professional office space, retail, or even a multi-unit residential property, catering to a wide range of uses. The building, constructed in 1909 and renovated in 1998, offers secure parking and storage in the rear, along with convenient customer parking. Its proximity to shopping, easy freeway access, and surrounding businesses further enhance its appeal. The asking price is $699,000, translating to $191.72 per square foot. This property offers a unique blend of location, versatility, and potential for significant return on investment. The two-story structure provides ample space and flexibility, making it an ideal choice for a variety of commercial ventures. Don't miss this chance to acquire a well-positioned property in a thriving South Tacoma neighborhood.

Highlights

  • $699,000 asking price for this Tacoma, WA mixed-use property.
  • 3,646 square foot building on a 5,000 square foot lot.
  • Two-story building with two units; currently configured as a bar with a residential apartment.
  • Located in South Tacoma, near I-5 and South Tacoma Way, offering convenient freeway access and proximity to businesses and shopping.
  • 1909 construction, renovated in 1998.
  • Features secure parking and storage.

Property Details for 5602 Lawrence St

Property type
Retail properties, Bars
Square Feet
3,646 SF
Year Built/Renovated
1909/1998
Buildings
1
Stories
2
Units
2

Location Insight

City
Tacoma
County
Pierce
State
Washington
Latitude
47.206212606899
Longitude
-122.47926725132
5602 Lawrence St, Tacoma, Washington

FAQs

What type of property is this?
Retail property - Prime location, high potential, 3,646 sq ft.
Where is the retail property located?
The property is located at 5602 Lawrence St Tacoma, WA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: $699,000 asking price for this Tacoma, WA mixed-use property.; 3,646 square foot building on a 5,000 square foot lot.; Two-story building with two units; currently configured as a bar with a residential apartment.
How can I contact the broker?
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5602 Lawrence St
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