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    720 Pacific Ave Tacoma, WA 98402

    For Lease
    $17 SF/Yr

    Prime Tacoma location, single-tenant retail.

    Lot size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 720 Pacific Ave, Tacoma, WA 98402 retail space presents a fantastic opportunity for a restaurant. Located in Pierce County, this single-tenant property boasts a highly desirable location directly across the street from The Matador and adjacent to Wooden City Tacoma, ensuring high visibility and foot traffic. The property is classified as a retail space, specifically suited for restaurant use. Its strategic position within a vibrant commercial area promises significant potential for success. The address is easily accessible and benefits from excellent proximity to other established businesses, creating a synergistic environment. This property offers a unique chance to establish or expand a restaurant operation in a thriving Tacoma neighborhood. The building's layout and features are ideal for a restaurant concept, though specific details regarding square footage and internal configuration would need to be confirmed through further inquiry. Interested parties are encouraged to conduct their own due diligence to assess the suitability of the property for their specific business needs. The property's location offers significant advantages in terms of customer accessibility and brand visibility. This is a rare opportunity to secure a prime commercial space in a high-demand area.

    Property Features for 720 Pacific Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,500 SF

    Unit(s) available at that property

    Space
    Size
    2,500 SF
    Rate per SF
    $17

    HighLights

    • 720 Pacific Ave, Tacoma, WA 98402: High‑visibility retail space ideal for a restaurant.
    • Excellent location across from The Matador and adjacent to Wooden City Tacoma, ensuring high foot traffic.
    • Motivated seller willing to consider extensive tenant improvements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.43934530106
    Latitude
    47.256600627775

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    FAQs

    What type of property is this?
    Retail property - Prime Tacoma location, single-tenant retail.
    Where is this retail property located?
    The property is located at 720 Pacific Ave Tacoma, WA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 720 Pacific Ave, Tacoma, WA 98402: High-visibility retail space ideal for a restaurant.; Excellent location across from The Matador and adjacent to Wooden City Tacoma, ensuring high foot traffic.; Motivated seller willing to consider extensive tenant improvements.
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    Tacoma, WA 98402
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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
    720 Pacific Ave Tacoma, WA 98402
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