720 Pacific AveTacoma, WA 98402

Property Details for 720 Pacific Ave

Year built

1918

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

5,000 SF

Zone code

DCC

Property type

Office properties

Property subtype

Other office properties

APN

2007040060

APU

2007040060

Description

This exceptional 720 Pacific Ave, Tacoma, WA 98402 retail space presents a fantastic opportunity for a restaurant. Located in Pierce County, this single-tenant property boasts a highly desirable location directly across the street from The Matador and adjacent to Wooden City Tacoma, ensuring high visibility and foot traffic. The property is classified as a retail space, specifically suited for restaurant use. Its strategic position within a vibrant commercial area promises significant potential for success. The address is easily accessible and benefits from excellent proximity to other established businesses, creating a synergistic environment. This property offers a unique chance to establish or expand a restaurant operation in a thriving Tacoma neighborhood. The building's layout and features are ideal for a restaurant concept, though specific details regarding square footage and internal configuration would need to be confirmed through further inquiry. Interested parties are encouraged to conduct their own due diligence to assess the suitability of the property for their specific business needs. The property's location offers significant advantages in terms of customer accessibility and brand visibility. This is a rare opportunity to secure a prime commercial space in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,353,012

  6.5%

  $1,248,934

  7%

  $1,159,725

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,340,820

  Geo Method

  $962,900

• Alternative Use

  Use

  Valuation

  Residential

  $1,548,679

  Hospitality

  $1,418,581

  Educational

  $1,180,243

  Medical

  $1,220,833

  Retail

  $1,835,934

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2565

Longitude

-122.44

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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