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    2509 S Holgate Street

    Tacoma, WA 98402
    • $1,250,000
    • STATUS: Pending Feasibility
    • ON SITE: 697 days
    • ID#: 1436904
    Under Contract
    UPDATED: 121 min ago
    $1,250,000
    • 0
      BEDS
    • 0.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1918
    County:

    School Ratings & Info

    Listing Courtesy of Better Properties N. Proctor.

    Description

    8.5% CAP RATE!! $163,200 Gross Income. Recent price drop makes this property a Great Investment. The Original Pacific Brewing and Malting Company Building. Classic 5 story brick building with vistas of Tacoma. Located in the revitalized UW-Tacoma and Brewery District. 40,000+ sq ft of commercial, warehouse, industrial. office. Great cash flow. Superb tenants. EZ access to Sound Transit and I-5. Phase 1 and Phase 2 ESA completed. Big upside potential by utilizing 100% of the building.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Torset Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-03-08T00:14:16.61.

    www.thetorsetteam.com/homes/93546834
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    2509 S Holgate Street Tacoma, WA 98402

    • Price: $1,250,000
    • Status: Pending Feasibility
    • Updated: 121 min ago
    • ID#: 1436904
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.53
    Acres
    1918
    Built
    Neighborhood:
    Tacoma
    County:
    Pierce
    Area:
    Central Tacoma
    Property Description
    8.5% CAP RATE!! $163,200 Gross Income. Recent price drop makes this property a Great Investment. The Original Pacific Brewing and Malting Company Building. Classic 5 story brick building with vistas of Tacoma. Located in the revitalized UW-Tacoma and Brewery District. 40,000+ sq ft of commercial, warehouse, industrial. office. Great cash flow. Superb tenants. EZ access to Sound Transit and I-5. Phase 1 and Phase 2 ESA completed. Big upside potential by utilizing 100% of the building.
    Exterior Features

    Carport YN No Exterior Features Brick Foundation Details Poured Concrete Open Parking YN No Parking Total 0 Roof Flat Site Frontage 200 Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography Level

    Interior Features

    Ceiling Height 8-16 FT Fireplace YN No Flooring Concrete Furnished Unfurnished Heating Cooling Type Forced Air

    Property Features

    Building Features Storage Electric On Property YN No Expansion Area True First Right Of Refusal False Gross Adjusted Income 107160 Gross Scheduled Income 163600 Insurance Expense 7400 Irrigation Water Rights YN No Listing Terms Cash OutOwner Financing Net Operating Income 107160 Possible Use BusinessCommercialIndustrialMulti-FamilyOfficeResidential Power Production Type ElectricNatural Gas Property Condition Good Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 21040 Tax Year 2020 Total Expenses 56040 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Sewer Garbage 9600 Water Source Public Zoning Class BusinessCommercialIndustrialMulti-FamilyOfficeResidential Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Torset Group and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Torset Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-03-08T00:14:16.61.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1436904-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1436904-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1436904-1.jpg
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    The Torset Group
    1000 SE Everett Mall Way Suite 201
    Everett WA, 98208
    Listing Courtesy of Better Properties N. Proctor.