About This Restaurant
Investment Highlights
Visible building in the highly desired 6th Ave business district Updated living spaces in rear of property. Home, Office etc. Updated space with fully functioning kitchen
Executive Summary
What a location! Invest in a prime real estate opportunity on 6th Avenue in Tacoma's bustling business district. This versatile property features a popular and long-term tenant, El Balcon restaurant, which boasts a recently updated dining and kitchen space, ensuring a modern and inviting atmosphere. Attached to the restaurant is a comfortable living space, offering added convenience and rental income. With its strategic location and established tenant, this property promises both stability and growth potential, making it an attractive addition to any real estate portfolio.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Storefront Storefront General Retail Restaurant General Retail Storefront Retail/Residential Storefront
- Building Size 2,758
- Building Class C
- Year Built 1955
- Price 1,445,000
- Price Per SF 524
- Cap Rate 7.10
- NOI 102,595
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.45
- Land Acres 0.14 AC
Amenities
- Bus Line
Property Taxes
| Parcel Number | 324500-3070 | Improvements Assessment | $402,500 |
| Land Assessment | $219,400 | Total Assessment | $621,900 |
| Date Created: | 2024-07-16 04:23:48 | Last Updated: | 2024-07-16 04:23:48 |
| Address: | 3102-3104 6th Ave , Tacoma, Washington, 98406 | ||