3910-3918 E Portland Ave | Tacoma, WA 98404
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3910-3918 E Portland Ave
Tacoma, WA 98404
Portland Ave Retail Center · Retail Property For Sale
Investment Highlights
- High traffic, high visible location near downtown Tacoma and Casinos
- Plenty of parking
- Close to Freeways
Executive Summary
This is a rare opportunity to purchase a 3 unit retail investment property well located near downtown Tacoma. The Building has a new roof and is close to freeways with plenty of parking. This property is solidly anchored and an adjacent parcel zoned residential could be available for purchase as well.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,177 SF
Building Class
C
Year Built/Renovated
1957/1963
Price
$4,895,000
Price Per SF
$202
Cap Rate
6.07%
NOI
$297,127
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
2.35 AC
Zoning
C1, Tacoma - C1 -Land use - 5360-NGB COMMUNITY SC
Parking
52 Spaces (2.15 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $819,200 | |
| Land Assessment | $1,160,800 | Total Assessment | $1,980,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,160,800
Improvements Assessment
$819,200
Total Assessment
$1,980,000
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