You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants

2302 Fawcett Ave Tacoma, WA 98402-1402

5,000 SF 0.12 ac lot Built 1907
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US90-0555764
Property summary
AI-generated overview

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 profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1907
Construction WOOD FRAME
Total area 5,000 SF
Lot 0.12 ac (5,250 SF)
Zoning code WR
APN 2805000120
UPID US90-0555764
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
  • Black Fleet Brewing Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sound Resource Options LLC · 9 yrs held
Sound Resource Options LLC
since 2016
5 recorded transactions
2018
Price N/A
2016
$594,719
2015
$574,870
2009
$361,945
2006
$750,000
Zoning & alternative use
WR · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

WR: Warehouse Residential District The WR D istrict is intended to consist principally of a mixture of industrial activities and residential buildings in which occupants maintain a business involving industrial activities. The preferred uses of the WR D istrict are industrial located entirely in a building and residential. Retail, educational, office, and go…

Zone name Warehouse Residential
General category INDUSTRIAL
Zone area 150.56 ac
Source Ordinance Table
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2302 Fawcett Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message