740 Broadway, Tacoma, WA 98402

$1,650,000

Listing courtesy of Keller Williams Tacoma.

List Price
$1,650,000
Status
PENDING
MLS#
1869705
Days on Market
35

Property Description

Historic building in the heart of Tacoma's Antique Row. Beautiful brick building with mixed use, retail and a club/lounge. Tremendous view from the two upper floors. Frontage on both Broadway and St Helens. Located in the DDC zoning which allows 400 ft max height. GREAT DEVELOPMENT OPPORTUNITY! Current 7% cap with below market rents. Brand new TMO roof system ($125,000). This Theater District is very walkable with interesting shops and restaurants. This 1919 Art Deco building is truly the finest in all of Tacoma. Huge windows and high ceilings. Popular lounge/night club with a dance floor that has a view of the city. Reliable rents from long term tenants.

Additional Information

Community
New Tacoma
Building Condition
Very Good
Style
61 - Comm Bldg Ovr 10K
Year Built
1919
Roof
Built-Up
Tax Year
2021
Potential Terms
Cash Out, Conventional
Interior Features
Forced Air, Heat Pump, HEPA Air Filtration, Hardwood
Flooring
Hardwood
Driving Directions
From A Street go left on 9th. Right on Broadway and it's on the left side.
Heating/Cooling Type
Forced Air, Heat Pump, HEPA Air Filtration
Electric Expenses
6125
Other Expenses
864
Energy Source
Natural Gas
Net Operating Income
$112,847
Gross Adjusted Income
$144,799
Gross Scheduled Income
$144,799
Water/Sewer/Garbage Expenses
$6,175
Vacancy Rate
1
Total Expenses
$31,952
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