2702 6Th AveTacoma, WA 98406

Property Details for 2702 6Th Ave

Year built

1926

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

5,000 SF

Zone code

NCX

Property type

Retail space

APN

9100000950

APU

9100000950

Description

This exceptional 5,000-square-foot retail storefront, located at 2702 6th Ave in Tacoma, Washington, presents a remarkable investment opportunity. Situated on a 0.115-acre lot in the vibrant Pierce County area (zip code 98406), this vacant property boasts high visibility due to its prominent location at the intersection of 6th Ave and S Oakes St. The building offers an open floor plan, ideal for a variety of retail or restaurant uses. Previous improvements include a fully installed hood and kitchen system, providing a significant advantage for food-related businesses. The property also benefits from readily available street signage, enhancing its marketing potential. The asking price for this turnkey retail space is $1,500,000. This is a rare chance to acquire a well-positioned, fully equipped retail building in a thriving Tacoma location. The property's size and features make it suitable for a wide range of businesses seeking a high-traffic location with excellent visibility. Don't miss this opportunity to establish your business in a prime Tacoma commercial area. Contact us today to learn more.

• CAP approach

  CAP return

  Valuation

  6%

  $1,988,928

  6.5%

  $1,835,934

  7%

  $1,704,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,378,866

  Geo Method

  $2,426,508

• Alternative Use

  Use

  Valuation

  Residential

  $1,548,679

  Hospitality

  $1,418,581

  Educational

  $1,180,243

  Medical

  $1,220,833

  Retail

  $1,835,934

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2552

Longitude

-122.472

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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