For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

8821 Pacific Ave Tacoma, WA 98444

Loading data...
Loading data...
Loading data...
For Sale
$1,850,000

Prime location, high-income potential.

Property Features for 8821 Pacific Ave

General Information

Property type
Other commercial real estate

Building Details

Year Built
1958

We can help!

Listing Contact
Chun Yeo

Listing Agency: Skyline Properties, Inc. Listing Agent: Chun Yeo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional Tacoma commercial property, situated on Pacific Avenue, presents a lucrative investment opportunity. The offering includes two buildings totaling 5,904 square feet: a 2,352-square-foot single-story structure and a 3,552-square-foot two-story building. The property also boasts additional land, allowing for potential expansion or development. Currently configured as a 21-unit lodging establishment with an additional two-bedroom manager's unit, the property offers significant flexibility. A recent remodel in 2018 enhanced the units, each equipped with free Wi-Fi, new air conditioning, and spring coolers. Approximately 50% of the units are currently occupied by long-term tenants. The property's operational efficiency is highlighted by its absentee-owner model, managed by a team of three (manager, maintenance, and cleaner). Financial performance demonstrates strong potential, with gross revenue exceeding $440,000 in 2023. The property is being sold as a combined real estate and business venture. The existing 21-unit configuration can be maintained, or the property can be remodeled to create approximately 17 units, with four larger units designated for long-term tenants. This versatile property offers a compelling blend of immediate income generation and significant future development potential in a prime Tacoma location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Pacific Lodge Hotel & Motel

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Tacoma
County
Pierce
State
Washington
Longitude
-122.433
Latitude
47.17657

FAQs

What type of property is this?
Commercial real estate - Prime location, high-income potential.
Where is this commercial real estate located?
The property is located at 8821 Pacific Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $1,850,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message