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Seventy Two Plaza

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Seventy Two Plaza

7030 7052 Pacific Ave, Tacoma, WA 98408
Retail For Sale Available Built 1956 1 floors Zoning: CCX
Asking Price
$4,150,000
Total Building29,769 SF
Available18,442 SF avail
Land95,086 SF land
MarketSouth Tacoma
CountyPierce

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Overview

Property ID
212469
Listing ID
702927
Type
Retail
Asset Class
Retail
Zoning
CCX

Description

We are pleased to present the opportunity to acquire Seventy Two Pacific, a 22,996 SF retail center located near the signalized intersection of E 72nd St & Pacific Ave with excellent visibility & traffic exposure, with over 42,000+ vehicles per day.The offering includes two existing buildings, a fully leased 4-tenant retail center providing immediate cash flow at a 6.75% in-place cap rate, and an adjacent 18,442 SF recently vacant retail building offered well below replacement cost at $165/SF, providing flexibility for anowner-user, value-add investor, or developer.Additionally, permits have been submitted for a 3,000 SF retail building to be constructed on the south end of the parcel, providing future upside.INVESTMENT HIGHLIGHTS:- Stable In-Place Income & Significant Future Upsid

Listing Courtesy of:

KV
Kevin Verger
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Tacoma ZIP: 98408 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.