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    2302 Fawcett Ave Tacoma, WA 98402

    For Lease
    $15 SF/Yr ($13,187 /Mo)

    Historic building, fully renovated, prime location.

    Lot size:
    10,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Tacoma property, located in the thriving Brewery District at 2302 Fawcett Ave, 98402, offers 10,550 square feet of versatile space ideal for a restaurant, brewery, or creative office. The two-story building, constructed in 1907 and extensively renovated in 2007, features a state-of-the-art 10BBL ABE brewhouse (installed in 2018), a complete water treatment system, and expansive walk-in cold storage. The ground floor includes a full-service kitchen with a Type-1 hood vent, a 1200-gallon in-ground grease trap, and a dedicated walk-in cooler. A comprehensive fire suppression system is in place, along with upgraded electrical and plumbing systems. The spacious second-story office area provides territorial views and can accommodate multiple tenants, complete with its own restroom and kitchenette. The property sits on a 5,250 square foot lot and is divisible into spaces as small as 4,000 square feet, with a maximum contiguous space of 10,550 square feet. The building consists of three suites in total. Lease is contingent upon a business asset sale. This unique property blends modern amenities with historic charm, presenting a rare opportunity in a rapidly developing neighborhood. Located in Pierce County, Washington.

    Property Features for 2302 Fawcett Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,550 SF
    Total Rate
    13187.5

    Building Details

    Year Built/Renovated
    1907/2007
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    5,275 SF
    Rate per SF
    $22
    Space
    Available Space 2
    Size
    5,275 SF
    Rate per SF
    $15
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Black Fleet Brewing Brewpub

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.44023603471
    Latitude
    47.240855572885

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    FAQs

    What type of property is this?
    Restaurant - Historic building, fully renovated, prime location.
    Where is this restaurant located?
    The property is located at 2302 Fawcett Ave Tacoma, WA.
    What is the lease rate?
    The lease rate is $15-$22 SF/Yr.
    Request Owner's contact information
    2302 Fawcett Ave Tacoma, WA 98402
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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
    2302 Fawcett Ave Tacoma, WA 98402
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