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    5902 Yakima Ave Tacoma, WA 98408

    Sponsored
    For Sale
    $649,000

    Prime Tacoma location, fully renovated, great income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property at 5902 Yakima Avenue in Tacoma, WA, presents a unique investment opportunity. Priced at $649,000, the building boasts a recent comprehensive renovation, ensuring immediate occupancy and minimal maintenance needs. Improvements include a brand-new roof, updated flooring throughout, and a newly installed 6-inch commercial sewer line. All interior sewer and water lines have been completely replaced, with the water lines upgraded to Pex. The heating system has been revitalized with a rebuilt furnace featuring new boards and components, and a tankless water heater provides efficient hot water. The main area features impressive 12-foot ceilings, offering versatile space for a variety of commercial uses. A fully updated bathroom adds to the property's modern appeal. Ample storage space is available, catering to diverse business needs. The property also includes a fully fenced and gated parking area paved with blacktop, providing secure parking for tenants or customers. Its convenient location in an established neighborhood, with close proximity to major freeways, ensures excellent accessibility and high visibility. The current owners are tenants and are willing to continue leasing from the new owner, providing a stable income stream from day one. This property offers countless possibilities for a savvy investor seeking a move-in ready, fully updated commercial space in a desirable Tacoma location.

    Property Features for 5902 Yakima Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1925
    Property Profile Location Intelligence

    Current Use by Public Records

    Quality Stitching Embroidery Shop

    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
    -122.4434
    Latitude
    47.2035

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Tacoma location, fully renovated, great income potential.
    Where is this commercial real estate located?
    The property is located at 5902 Yakima Ave Tacoma, WA.
    What is the asking price?
    The asking price for this property is $649,000.
    (253) 256-1721
    Request Owner's contact information
    5902 Yakima Ave Tacoma, WA 98408
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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
    5902 Yakima Ave Tacoma, WA 98408
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