1315 S 23RD ST

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1315 S 23RD ST

TACOMA, WA 98405-3425
Asking Price
$700K
Asset Type
Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail commercial asset located in Tacoma Washington
  • Current asking price set at 699950 dollars
  • Prime urban location situated within Pierce County
  • Functional building layout suited for diverse commercial applications
  • Strategic placement offers connectivity to major regional transit

What's Special

Retail operations benefit from the high-visibility positioning of this property situated at 1315 S 23rd St in Tacoma. The facility provides a versatile floor plan suitable for various merchant requirements within this established urban corridor. Tacoma serves as a central hub for commerce in the South Puget Sound region, characterized by a diverse economic base and significant maritime activity. Business owners and investors can leverage the property's accessibility to major regional transportation routes that facilitate efficient logistics and consumer traffic throughout Pierce County. Prospective buyers will find a functional retail environment ready to support local service-based businesses or traditional storefront retail. The building configuration offers practical utility for an owner-user or an investor looking to secure a foothold in an evolving submarket. Its placement within the local street grid ensures connectivity to surrounding residential neighborhoods and industrial employment centers, contributing to a consistent local market presence for the occupant.

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NOI
$80,000
Cap Rate
11.43%
DSCR
1.93
Strong
Cash-on-Cash
18.31%
Monthly Payment
$3,462.971
Annual Cash Flow
$38,444.352

Location & Travel Times