8821 Pacific Ave S Tacoma, WA 98444

This exceptional Tacoma commercial property, situated on Pacific Avenue, presents a lucrative investment opportunity. The offering includes two buildings totaling 5,904 square feet: a 2,352-square-foot single-story structure and a 3,552-square-foot two-story building. The property also boasts additional land, allowing for potential expansion or development. Currently configured as a 21-unit lodging establishment with an additional two-bedroom manager's unit, the property offers significant flexibility. A recent remodel in 2018 enhanced the units, each equipped with free Wi-Fi, new air conditioning, and spring coolers. Approximately 50% of the units are currently occupied by long-term tenants. The property's operational efficiency is highlighted by its absentee-owner model, managed by a team of three (manager, maintenance, and cleaner). Financial performance demonstrates strong potential, with gross revenue exceeding $440,000 in 2023. The property is being sold as a combined real estate and business venture. The existing 21-unit configuration can be maintained, or the property can be remodeled to create approximately 17 units, with four larger units designated for long-term tenants. This versatile property offers a compelling blend of immediate income generation and significant future development potential in a prime Tacoma location.