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27758958
27758964

7517 N. 10th St., Tacoma, WA 98406

BB
WA 22027044, WA
Bruce Barker
Listed by Bruce Barker
$4,250,000
227 days on market
Updated 0 days ago

Luxury Venue

Details
APN 0221343072
Property Type Business for Sale, Hospitality (+1)
Sub Type Business and Building
Square Footage 3,857
Cap Rate 6.61%
NOI $281,000
Pro-Forma Cap Rate 10.16%
Pro-Forma NOI $432,000
Price per SqFt $1,102
Acreage 0.313
Investment Type Stabilized
Beds 3

Luxury Event Venue Overlooking the Puget Sound

Marketing description

Introducing **Luxury Event Venue at 7517 N 10th St, Tacoma, WA** - an exceptional opportunity in Tacoma, WA. Boasting an indoor capacity of approximately 200, with a total capacity of around 400, this venue offers an impressive income stream. Current revenue from venue operations and catering stands at $281,000, with even greater potential reflected in a pro forma income of $432,000. With a stylish design and spacious layout spanning 13,615 SF indoors and 3,857 SF outdoors, this property presents a versatile space for hosting various events. Whether it's weddings, corporate functions, or special celebrations, this venue caters to diverse needs. Prime location, coupled with a well-established income stream, positions **Luxury Event Venue at 7517 N 10th St, Tacoma, WA** as a lucrative investment opportunity in the vibrant events industry. Don't miss the chance to own this premium property in a sought-after area of Tacoma.

Listing Contacts

BB
WA 22027044, WA
Bruce Barker
Listed by Bruce Barker

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$281,000.00
$23,416.67/mo

Valuation Metrics

0
DSCR
6.61%
Cap Rate
6.61%
ROI

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Additional Information

Name
Bruce Barker
License
22027044
Brokerage
Lee & Associates Commercial Real Estate Services
Title
Associate Vice President
Brokerage Address
950 Pacific Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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