About 4008 S Pine Street
This commercial property presents a lucrative investment opportunity within Tacoma's vibrant Urban Center Mixed-Use District (UCX), the South Tacoma Groundwater Protection District (STGPD) and Opportunity Zone, offering exceptional accessibility and future development potential. Strategically located just off the Tacoma Mall and easy access to I-5, this property benefits from high visibility and seamless connectivity. Currently fully leased with a robust 7% cap rate, this property guarantees consistent and reliable income, supported by 2 long-term rental tenants. Zoned to accommodate multiple types buildings, presenting a significant redevelopment or conversion opportunity with base height of 65 feet, with the potential to increase to 85ft.
Features of 4008 S Pine Street
| MLS® # | 2353393 |
|---|---|
| Price | $1,280,000 USD |
| Acres | 0.22 |
| Year Built | 1956 |
| Type | Commercial Sale |
| Sub-Type | Commercial Industrial |
| Status | Active |
Community Information
| Address | 4008 S Pine Street |
|---|---|
| Area | 48 - South Tacoma |
| Subdivision | Tacoma Mall |
| City | Tacoma |
| County | Pierce |
| Province | WA |
| Postal Code | 98409 |
Amenities
| Parking Spaces | 15 |
|---|
Interior
| Interior Features | Ceramic Tile, Hardwood, Laminate |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Seattle Works Real Estate |
|---|