5602 Lawrence St Tacoma, WA 98409-5320
This exceptional 3,646-square-foot, two-story building in South Tacoma presents a remarkable investment opportunity. Situated on a 5,000-square-foot lot (.115 acres), this property boasts a prime location between I-5 and South Tacoma Way, directly on 56th Street. Originally configured as a bar with a manager's apartment on the upper level (1,823 sq ft each), the building's adaptability is a key asset. It's easily convertible to professional office space, retail, or even a multi-unit residential property, catering to a wide range of uses. The building, constructed in 1909 and renovated in 1998, offers secure parking and storage in the rear, along with convenient customer parking. Its proximity to shopping, easy freeway access, and surrounding businesses further enhance its appeal. The asking price is $699,000, translating to $191.72 per square foot. This property offers a unique blend of location, versatility, and potential for significant return on investment. The two-story structure provides ample space and flexibility, making it an ideal choice for a variety of commercial ventures. Don't miss this chance to acquire a well-positioned property in a thriving South Tacoma neighborhood.
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Edison City Nightclub Bar & Pub
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RCX · Tacoma, WATacoma. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.