5902 Yakima Ave, Tacoma, WA 98408
This exceptional commercial property at 5902 Yakima Avenue in Tacoma, WA, presents a unique investment opportunity. Priced at $649,000, the building boasts a recent comprehensive renovation, ensuring immediate occupancy and minimal maintenance needs. Improvements include a brand-new roof, updated flooring throughout, and a newly installed 6-inch commercial sewer line. All interior sewer and water lines have been completely replaced, with the water lines upgraded to Pex. The heating system has been revitalized with a rebuilt furnace featuring new boards and components, and a tankless water heater provides efficient hot water. The main area features impressive 12-foot ceilings, offering versatile space for a variety of commercial uses. A fully updated bathroom adds to the property's modern appeal. Ample storage space is available, catering to diverse business needs. The property also includes a fully fenced and gated parking area paved with blacktop, providing secure parking for tenants or customers. Its convenient location in an established neighborhood, with close proximity to major freeways, ensures excellent accessibility and high visibility. The current owners are tenants and are willing to continue leasing from the new owner, providing a stable income stream from day one. This property offers countless possibilities for a savvy investor seeking a move-in ready, fully updated commercial space in a desirable Tacoma location.
-
Quality Stitching Production Facility Textile Manufacturer
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
R2 · 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.