7202 Mckinley AveTacoma, WA 98404

  • Commercial real estate
  • 0.24 AC
For Sale
$1,575,000 View listing

Property Details for 7202 Mckinley Ave

Year built
2012
Lot size
0.24 AC
Zone code
M1
Property type
Commercial real estate
APN
4150000331
APU
4150000331

Description

This exceptional commercial property at 7202-7212 E McKinley Avenue in Tacoma, WA, presents a fantastic investment opportunity. Priced at $1.575 million, this newly equipped and renovated self-serve car wash boasts a prime corner location on two of Tacoma's major thoroughfares: E McKinley Avenue and E 72nd Street. The property encompasses two tax lots, totaling a significant land area, and is fully fenced for security. Convenient alley access is also available. A comprehensive security system is already in place, enhancing the safety and peace of mind for the owner and their operations. Currently zoned M1 Light Industrial, this property offers substantial potential for expansion. The additional lot provides ample space for a variety of complementary businesses, such as a car detailing center, window tinting service, paintless dent repair shop, body shop, oil change facility, or even a car rental office. Alternatively, the extra space could be leased to generate additional income. Beyond automotive services, the zoning also allows for diverse retail ventures, including a coffee shop, donut shop, brewery, restaurant, or other food service establishment. The possibilities are extensive, limited only by the buyer's vision and entrepreneurial spirit. This is a rare chance to acquire a thriving business with significant expansion potential in a high-traffic area of Tacoma.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,189,349
    Hospitality
    $2,921,426
    Educational
    $2,430,592
    Medical
    $2,514,184
    Retail
    $3,780,922
7202 Mckinley Ave, Tacoma, Washington

Location Insight

City
Tacoma
County
Pierce
State
Washington
Latitude
47.1916
Longitude
-122.421
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
$2,173
$185,800
$8,900
$194,700
-
$185,800
$8,900
$194,700

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