Bought with Theory Real Estate
$1,750,000
$1,650,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
740 Broadway Tacoma, WA 98402
Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision New Tacoma
MLS Listing ID 1869705
Sold Date 03/31/22
Style 61 - Comm Bldg Ovr 10K
Year Built 1919
Annual Tax Amount $12,744
Lot Dimensions 60X120X11X52X103
Property Description
Historic building in the heart of Tacoma's Antique Row. Beautiful brick building with mixed use, retail and a club/lounge. Tremendous view from the two upper floors. Frontage on both Broadway and St Helens. Located in the DDC zoning which allows 400 ft max height. GREAT DEVELOPMENT OPPORTUNITY! Current 7% cap with below market rents. Brand new TMO roof system ($125,000). This Theater District is very walkable with interesting shops and restaurants. This 1919 Art Deco building is truly the finest in all of Tacoma. Huge windows and high ceilings. Popular lounge/night club with a dance floor that has a view of the city. Reliable rents from long term tenants.
Location
State WA
County Pierce
Area 28 - Central Tacoma
Interior
Interior Features Forced Air, Heat Pump, HEPA Air Filtration, Hardwood
Flooring Hardwood
Fireplace false
Exterior
Exterior Feature Brick
Utilities Available Sewer Connected, Natural Gas Connected
Roof Type Built-Up
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157