809 38Th StTacoma, WA 98418

This exceptional 17,320-square-foot mixed-use building in Tacoma's revitalized Lincoln District presents a compelling investment or owner-user opportunity. The property, built in 1916, features 13 units across two stories: three ground-floor retail spaces, an attached warehouse, six studio apartments, and three small efficiency dwelling units (SEDUs) on the second floor. The current configuration offers significant potential for redevelopment and repositioning, given the multi-use (MU) zoning. The building boasts a strong pro-forma NOI of $136,500, translating to an 8.81% cap rate at the asking price of $1,550,000 ($89.49/sq ft). Eight designated parking spaces are located behind the building. Its prime location offers convenient access to major amenities, including the Tacoma Mall, T-Mobile, 24 Hour Fitness, Safeway, and Target. The property's existing infrastructure supports mixed-use development, and the surrounding area shows significant recent development activity, making this a highly attractive investment in a growing market. The building's layout allows for flexibility in unit mix and floorplan modifications during renovation. This is a rare opportunity to acquire a well-located, income-producing asset with substantial upside potential.