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    2620 Proctor St Tacoma, WA 98407

    For Sale
    $2,200,000

    Upscale Restaurant, Prime Location, High Returns

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional Tacoma restaurant, located at 2620 N Proctor Street, presents a lucrative investment opportunity. Priced at $2,200,000, the property boasts over $400,000 in recent upgrades, seamlessly blending modern functionality with the charm of the Proctor district. The spacious layout includes two expansive dining areas, ideal for upscale dining, catering, or hosting special events. A large host station ensures efficient guest management. The heart of the operation is a thoughtfully designed kitchen, complete with a dedicated bakery area, ample storage, and versatile workstations built for efficiency. The welcoming waiting area sets a sophisticated tone, enhancing the overall dining experience. High-quality finishes and details are evident throughout. The property benefits from its location within Proctor's vibrant community, attracting significant foot traffic due to the weekly farmers market and numerous local events. This presents a unique chance to acquire a thriving, well-established restaurant in a high-demand area. The property is offered as a general commercial space. The lot size is 0 acres. Please note that the square footage is not currently available. Serious inquiries only.

    Property Features for 2620 Proctor St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1945
    Property Profile Location Intelligence

    Current Use by Public Records

    Viva Tacoma Vegan Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4893
    Latitude
    47.27173

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    FAQs

    What type of property is this?
    Commercial real estate - Upscale Restaurant, Prime Location, High Returns
    Where is this commercial real estate located?
    The property is located at 2620 Proctor St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (888) 421-2531
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2620 Proctor St Tacoma, WA 98407
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