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Property profile & analytics
OFF-MARKET
Office Spaces

720 Pacific Ave Tacoma, WA 98402-5208

5,000 SF 0.06 ac lot Built 1918
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US90-0882638
Property summary
AI-generated overview

This exceptional 720 Pacific Ave, Tacoma, WA 98402 retail space presents a fantastic opportunity for a restaurant. Located in Pierce County, this single-tenant property boasts a highly desirable location directly across the street from The Matador and adjacent to Wooden City Tacoma, ensuring high visibility and foot traffic. The property is classified as a retail space, specifically suited for restaurant use. Its strategic position within a vibrant commercial area promises significant potential for success. The address is easily accessible and benefits from excellent proximity to other established businesses, creating a synergistic environment. This property offers a unique chance to establish or expand a restaurant operation in a thriving Tacoma neighborhood. The building's layout and features are ideal for a restaurant concept, though specific details regarding square footage and internal configuration would need to be confirmed through further inquiry. Interested parties are encouraged to conduct their own due diligence to assess the suitability of the property for their specific business needs. The property's location offers significant advantages in terms of customer accessibility and brand visibility. This is a rare opportunity to secure a prime commercial space in a high-demand area.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1918
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,000 SF
Lot 0.06 ac (2,500 SF)
Zoning code DCC
APN 2007040060
UPID US90-0882638
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
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
Pellsec LLC · 1 yrs held
Pellsec LLC
since 2024
Last sale
$375,000
2 recorded transactions
2024
$375,000
1988
$50,000
Zoning & alternative use
DCC · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

same uses prohibited in the DCC D istrict are also prohibited in the DMU District. The maximum building height in this district is 100 feet. DR: Downtown Residential The DR D istrict contains a predominance of mid -rise, higher density, urban residential development, together with places of employment and retail services. The preferred use of the DR District…

Zone name Downtown Commercial Core
General category COMMERCIAL
Zone area 133.04 ac
Source Ordinance Table
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