Pacific Avenue Motel Business
For Sale
$1,850,000
8821 Pacific Ave S, Tacoma, WA 98444
Two-building motel with 21 guest rooms and manager's suite.
Property SizeContact for details
Days on Market601
Property Features for 8821 Pacific Ave S
General Information
Standard status
Active
Building Details
Year Built
1958
Listing Agency:
SKYLINE PROPERTIES - KENT
Listed By:
TIA YEO
Source:
Corcoran
Added: Dec 19, 2024
Changed: Mar 16
Last Checked: Jul 23 at 9:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SKYLINE PROPERTIES - KENT
Investment Insights
Based on property information with market context.
This offering includes the real property and business operating as a motel located on Pacific Avenue. The property features two separate buildings: a one-story structure with 2,352 square feet and a two-story building offering 3,552 square feet. There are 21 guest rooms, plus an additional two-bedroom/living room suite for a manager. Remodeling has been completed on a total of 17 units. The option exists to convert four larger rooms into long-term rentals, or maintain the existing 21 rooms. Currently, approximately 50% of the rooms are occupied by long-term residents. Each room is equipped with complimentary Wi-Fi, air conditioning, and a spring cooler. The business operates absentee with a manager, maintenance personnel, and a cleaner. In 2023, the business generated a gross income exceeding $449,000.
Key Highlights
- Established business boasting $449k+ gross revenue in 2023.
- Two buildings totaling 5,904sf feature 21 guest rooms plus a 2‑bedroom manager's suite.
- Option to convert 4 rooms into larger units for long‑term rentals.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
Median Home Value
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Similar Off Market Nearby
- Pacific Lodge — 8821 Pacific Ave, Tacoma, WA 98444
- SILVER CLOUD INN — 8828 S I St, Tacoma, WA 98444
- Tacoma Event Center — 8802 Pacific Ave, Tacoma, WA 98444
- L — 301 S 84th St, Tacoma, WA 98444
Frequently Asked Questions
What type of property is this?
Motel - Two-building motel with 21 guest rooms and manager's suite.
Where is this motel located?
The property is located at 8821 Pacific Ave S Tacoma, WA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Established business boasting $449k+ gross revenue in 2023.; Two buildings totaling 5,904sf feature 21 guest rooms plus a 2‑bedroom manager's suite.; Option to convert 4 rooms into larger units for long‑term rentals.
