This exceptional three-story retail property, located at 811 Pacific Avenue in the heart of downtown Tacoma, Washington, presents a unique investment opportunity. Built in 1909, this 11,882 square foot building boasts a rich history and undeniable charm, reflected in its classic brick exterior. The property sits on a 5,663 square foot lot and is zoned DCC HIST, reflecting its place within Tacoma's historic district. The building's multiple tenancy structure provides a diversified income stream, making it an attractive proposition for investors seeking stable returns. The property's prime location on Pacific Avenue ensures high visibility and foot traffic, ideal for a variety of retail businesses. With its impressive size, historic character, and strategic location, this property offers significant potential for growth and long-term value. The building's three stories provide ample space for a variety of uses, and its location in Pierce County, Washington, places it within a thriving and growing community. The property's address is 811 Pacific Ave, Tacoma, WA 98402. The Assessor's Parcel Number (APN) is 9008180020. This is a rare opportunity to acquire a piece of Tacoma's history and capitalize on its vibrant downtown scene.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$973,499
Hospitality
$891,720
Educational
$741,901
Medical
$767,416
Retail
$1,154,068
Location Insight
City
Tacoma
County
Pierce
State
Washington
Latitude
47.256
Longitude
-122.439
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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