602 E 11th St

602 E 11th St , Tacoma, Washington, 98421 | 1,170 sq.f | $ 488,000

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About This Restaurant

Investment Highlights

Turn Key Restaurant: Decades of branding provides new owner access to commercial kitchen amenities, including fridges, freezers, flat top, fryers, hoo Dynamic Entrypoint: Located directly east across the vibrant waterfront in Tacoma, Washington, all walking distance. Diversified Workforce: Tacoma boasts 98,060 employees, many in maritime, logistics, manufacturing, industrial as well as Port of Tacoma public employe Remodel Opportunity: Bring your general contractor to upgrade and serve your regional clientele. Sold as-is. Strategic Location: Port of Tacoma sits on more than 2,500 acres of land used for shipping terminal activity, warehousing distribution and light indus

Executive Summary

Executive SummaryeXp Commercial, as exclusive advisor to the seller, is pleased to be bringing to the market The 602 E. 11th Street Cafe, a standalone asset and turn-key restaurant serving downtown Tacoma/ Port of Tacoma workforce. The property comes with a commercial kitchen, spacious dining area, and large outside future seating area with beautiful views of downtown Tacoma skyline. This is a rare opportunity to own the entrance corner cafe in this industrial zone.Location DescriptionSituated strategically at the industrial Port of Tacoma Manufacturing/ Industrial Center the single story property is minutes off I-5 and at the entrance of the expansive maritime and industrial-related facilities on 2,400 acres, including several major container terminals (managed by The Northwest Seaport Alliance) where some of the world?s largest container shipping lines call. Site DescriptionThe 602 E. 11th Street Cafe provides owner/ user ability to occupy 1,170 SF building space with fully built out kitchen, hood and vents, indoor and outdoor seating (buyer must verify), 2 bathrooms and off street parking. Since 2002, the now-closed Cafe has provided Port of Tacoma?s workforce years of family-friendly breakfast and lunch year-around that made everyone feel welcomed and appreciated.The Cafe is walking distance across the bridge to numerous attractions, including the Museum of Glass, Esplanade and Thea?s Park, a 3.4 acres park.

Property Details

  • Sale Type    Owner User
  • Sale Condition    1031 Exchange
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Storefront Restaurant
  • Building Size    1,170
  • Building Class    B
  • Year Built/Renovated    1975/1985
  • Price    488,000
  • Price Per SF    417
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.54
  • Land Acres    0.05 AC

Amenities

  • Corner Lot
  • Restaurant
  • Waterfront

Nearby Amenities & Transportation

Retail U.S. Bank
Retail Wells Fargo Home Mortgage
Retail Bank of America
Retail Keybank
Retail Banner Bank
Retail Heritage Bank
Retail Starbucks
Retail The Old Spaghetti Factory
Retail Bank of Montreal
Retail Chase Bank

Property Taxes

Parcel Number 485500-0020 Improvements Assessment $76,400
Land Assessment $22,700 Total Assessment $99,100
Date Created: 2024-07-16 04:23:48 Last Updated: 2024-07-16 04:23:48
Address: 602 E 11th St , Tacoma, Washington, 98421