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201 N I St 3,232 SF 1% Leased Office Building Tacoma, WA 98403 $799,000 ($247.22/SF) 9.54% Cap Rate
INVESTMENT HIGHLIGHTS
- Neighbordhood Commercial zoning
- Close proximity to Tacoma light rail.
- One block off Division Ave
- Minutes from Tacoma General Hospital
EXECUTIVE SUMMARY
Turn Key Multi-Unit commercial building in coveted North Tacoma. In the heart of Tacoma's Historic Stadium district, near Wright Park, Tacoma General, County Court House & City of Tacoma Buildings. Both units open up to N I St, less than a block away from Tacoma Light Rail. Main unit is over 2500 SqFt, featuring a beautiful lobby, five private offices & an additional large room. Perfectly laid out for office space. Adjoining 2nd unit has its own entrance, with 2 offices & beautiful lobby with excellent daylight. The building is ADA-accessible. Most electrical & plumbing were updated in 2006-07, during a full building remodel. New Construction going up next door. Neighborhood/Commercial X Zone (NCX), allows various development opportunities.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,232 SF
Building Class
B
Year Built
1925
Price
$799,000
Price Per SF
$247.22
Cap Rate
9.54%
NOI
$76,245
Percent Leased
1%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,200 SF
Building FAR
0.93
Lot Size
0.08 AC
Zoning
C3, Tacoma - Neighborhood Commercial
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 203217-0070 | Improvements Assessment | $584,100 |
| Land Assessment | $224,700 | Total Assessment | $808,800 |
PROPERTY TAXES
Parcel Number
203217-0070
Land Assessment
$224,700
Improvements Assessment
$584,100
Total Assessment
$808,800
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201 N I St
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