602 11Th StTacoma, WA 98421
- Turn key restaurants
- 1,170 SF
For Sale
$433,000
View listing
Property Details for 602 11Th St
- Year built
- 1975
- Construction
- WOOD FRAME
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 1,170 SF
- Zone code
- S10
- Property type
- Turn key restaurants
- APN
- 4855000020
- APU
- 4855000020
Description
This 1,170-square-foot vacant restaurant building in Tacoma, WA, is available for $433,000. Located at 602 E 11th St, this single-story, Class B property sits on a 3,100-square-foot lot and is zoned Port Maritime & Industrial (PMI). Built in 1975 and renovated in 1985, the building features an older commercial kitchen (fridges, freezers, flat top, fryers, hoods, vents, and sinks) requiring modernization of mechanical, electrical, and plumbing systems. The roof is relatively new, and the structure is sound
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $465,409
- 6.5%
- $429,608
- 7%
- $398,922
-
Comparable approach
- Method
- Valuation
- Relative Method
- $790,655
- Geo Method
- $567,803
-
Alternative Use
- Use
- Valuation
- Residential
- $362,391
- Hospitality
- $331,948
- Educational
- $276,177
- Medical
- $285,675
- Retail
- $429,608
602 11Th St, Tacoma, Washington
Location Insight
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Latitude
- 47.2545
- Longitude
- -122.427
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,112
$76,400
$22,700
$99,100
-
$76,400
$22,700
$99,100
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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