2509 S Holgate St $1,775,000

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    2509 S Holgate St Tacoma, WA 98402

    • 0.53 Acres
    • Commercial/Industrial
    Listing# 1436904 | Active

    $1,775,000

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    Days On Market: 158 0 Views
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    Property Details

    BIG PRICE DROP! The Original Pacific Brewing and Malting Company Building of Tacoma, on the National Historic Register since 1978. Classic 5 story brick building with vistas of Tacoma. Located in the revitalized University of Washington-Tacoma and Brewery District. Over 40,000 sq ft of commercial, warehouse, industrial. office. Great cash flow. Superb tenants. Phase 1 and Phase 2 ESA completed. Huge upside potential on rents by utilizing 100% of the building. The building looks great!

    • General Features
      • County Pierce
      • Zoning Class Business, Commercial, Industrial, Multi-Family, Office, Residential
      • Zoning Jurisdiction City
      • Style 61-Comm Bldg Ovr 10K
      • Approx Building SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
      • Lot Dimensions 200 x 114
    • Building Features
      • Exterior Brick
      • Foundation Poured Concrete
      • Roof Flat
      • Floor Covering Concrete
      • Features Storage
      • Heating and Cooling Forced Air
      • Ceiling Height 8-16 FT
      • Loading 1-3 Bays, 10'-15' Doors
    • Property Features
      • Lot Square Footage 22,897
      • Depth of Lot 114
      • Site Frontage 200
      • Expansion Area Y
      • Environment Survey Y
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company Tacoma
      • Energy Source Electric, Natural Gas
      • Power Company Tacoma
      • Number of Available Pads 0
    • Financials
      • Free and Clear Y
      • Vacancy Rate 0
      • Total SqFt Rented 0
      • Total Monthly Rent $12,800
      • Gross Rent Multiplier 13
      • Cap Rate -NOI div LP 5
      • Gross Scheduled Income $164,400
      • Gross Adjusted Income $140,400
      • Total Expenses $36,537
      • NOI $104,763
      • Electrical Expenses $4,800
      • Tax Expense $25,537
      • Heating Expense $0
      • Insurance Expense $6,200
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2019

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    Neighborhood

    98402 (Tacoma) Demographics

    36Median Age
    6,394Population Density (per sq. mile)
    46%College Educated
    $40,657 Estimated Median Income
    439Estimated Total Home Owners
    2,916Estimated Total Renters
    13% / 87%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    6,023Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $369,950 Median Sales Price
    7 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,775,000
        9/9/2019 9:31:50 AM Price Reduced Source New Value: $1,775,000 -6.58%
        7/15/2019 5:31:51 PM Status Changed Source New Value: Active
        4/11/2019 8:50:56 PM Status Changed Source New Value: Pending Backup
        4/10/2019 3:41:00 AM New in Database Source New Value: $1,900,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.