601 N K Street, Tacoma
$1,425,000
Listing Office: City Closers Real Estate.
Investors! Capitalize on this high-performing, turnkey building in North End Tacoma. This is a 100% leased asset where the commercial anchor tenant (66 years in business) has a new 20-year NNN lease with 3% annual increases! Actual Cap Rate is 7.42%. Potential for value add by building units in the rear of the property with alley access. This corner property has water views from the 3rd floor and it's located in one of the most prized neighborhoods of Tacoma. The main commercial tenant's space was completely renovated in 2019. The building has three commercial spaces occupied by one commercial tenant and three residential apartments with eight off-street parking spots. Near to the new rail system, medical, retail, restaurants & parks.
Bay, Partial, Sound, Territorial
Ceramic Tile, Wall to Wall Carpet, Laminate
Alley, Corner Lot, Curbs, Paved, Sidewalk
All listings featuring the icon 
are provided courtesy of the Northwest Multiple Listing Service (NWMLS), Copyright 2024. All rights reserved. The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information contained in these listings has not been verified by The Cascade Team Real Estate and should be verified by the buyer. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
Listing information last updated on May 11th, 2024 at 3:43pm CDT.
