Tacoma, WA 98418 809 S 38th Street
$1,269,000
Pending
17 more
Presented By: Venture Real Estate Group LLC and NWMLS
- MLS# 2284856
- 08/30/2024
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
***Price Reduction -$280K** Excellent and rare investment or owner user opportunity located in the heart of Tacoma’s revitalized Lincoln District. Proforma CAP 7.45%. Potential redevelopment opportunity w/multi-use zoning and multiple new development sites nearby within revitalized Lincoln District. Horsfall mixed-use comm building comprised of total of 13 units, three retail spaces & attached warehouse on main level, on 2nd level, six studio apartments and three SEDUs with opportunity to change either the floorplan or unit mix during renovation. Great proforma income w/ 2nd floor resi buildout & retail lease potential. Designated parking behind building. Conveniently located minutes to Tacoma Mall, T-Mobile, & more! Property sold “As Is”
Presented By: Venture Real Estate Group LLC and NWMLS
Interior Features for 809 S 38th Street
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Ceiling Height12 ft.
Fireplace Y/NNo
FlooringConcrete, Softwood, Vinyl, Carpet
Heating Y/NYes
Power Production TypeNatural Gas
Total Fireplaces
General for 809 S 38th Street
Building Area UnitsSquare Feet
Cap Rate7.45
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsHeading west on S 38th St., Horsfall building will be on your right.
Electric Expense6951
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
Insurance Expense
Living Area UnitsSquare Feet
Lot Size Square Feet13000
Lot Size UnitsSquare Feet
MLS Area54 – South Tacoma
ModificationTimestamp2025-08-03T05:09:10.354Z
NWM_ShowMapLinkY
Net Operating Income230098
Number Of Units Total0
PossessionClosing
Possible UseMulti-Family, Office, Retail
Property Style75 – Retail
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public Remarks***Price Reduction -$280K** Excellent and rare investment or owner user opportunity located in the heart of Tacoma’s revitalized Lincoln District. Proforma CAP 7.45%. Potential redevelopment opportun
RoofComposition, Flat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeRetail
Subdivision NameLincoln
Tax Annual Amount7053
Tax Year2024
TopographyLevel
Water Sewer Garbage2979
Year Built1916
Zoning DescriptionMulti-Family, Office, Retail
Exterior for 809 S 38th Street
Building Area Total
Exterior AmenitiesBrick
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Number17, 18, 19, 20
Lot Size Acres0.2984
Parking Uncovered Total16
Total Parking16
Water SourcePublic
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®