2302 Fawcett Ave Tacoma, WA 98402-1402
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.
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Black Fleet Brewing Bar & Pub Restaurant
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
WR · Tacoma, WAWR: 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 governmental uses are allowed. The maximum building height in this district is 100 feet. 8 Commercial Zoning Districts Commercial districts are denser zoning districts in the City located outside of the Downtown area. These districts contain a variety of uses ranging from small and large scale office space to hosp itals and light warehousing. The intensity of commercial development depends on the district. Residential uses are also appropriate in all commercial districts. The specific purposes of the Commercial Districts can be found in the Tacoma Municipal Code Section 13.06.200.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.