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Property profile & analytics
OFF-MARKET
Commercial real estate

2620 Proctor St Tacoma, WA 98407

Built 1945
Property ID
Property summary
AI-generated overview

This exceptional Tacoma restaurant, located at 2620 N Proctor Street, presents a lucrative investment opportunity. Priced at $2,200,000, the property boasts over $400,000 in recent upgrades, seamlessly blending modern functionality with the charm of the Proctor district. The spacious layout includes two expansive dining areas, ideal for upscale dining, catering, or hosting special events. A large host station ensures efficient guest management. The heart of the operation is a thoughtfully designed kitchen, complete with a dedicated bakery area, ample storage, and versatile workstations built for efficiency. The welcoming waiting area sets a sophisticated tone, enhancing the overall dining experience. High-quality finishes and details are evident throughout. The property benefits from its location within Proctor's vibrant community, attracting significant foot traffic due to the weekly farmers market and numerous local events. This presents a unique chance to acquire a thriving, well-established restaurant in a high-demand area. The property is offered as a general commercial space. The lot size is 0 acres. Please note that the square footage is not currently available. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Year built 1945
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Viva Tacoma Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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