Bought with ZNonMember-Office-MLS
$1,550,000
$1,850,000
16.2%For more information regarding the value of a property, please contact us for a free consultation.
0.89 Acres Lot
SOLD DATE : 04/21/2025
Key Details
Sold Price $1,550,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Se Tacoma
MLS Listing ID 2314884
Sold Date 04/21/25
Style 64 - Hotel/Motel
Year Built 1958
Annual Tax Amount $10,611
Lot Size 0.887 Acres
Property Sub-Type Commercial Industrial
Property Description
Prime location on Pacific Avenue. Versatile property with additional development opportunities. Selling Real Property & Business together on Pacific Ave. 2 separate buildings, 1-story 2,352sqft and 2-stories 3,552sqft, extra land space for more. 21 Guest rooms and extra 2-Bdr/Living rm for manager. Some remodeling to total 17units, 4 bigger rooms will placed with the long-terms. Or you can keep as 21 rooms. Currently long-term livings in place about 50%. Renovated in 2018. Each room provide free Wi-Fi, new A/C & spring cooler. Absentee-run with 1 manager, 1 maintenance, 1 cleaner. Generated over $440K Gross in 2023.
Location
State WA
County Pierce
Area 60 - Southeast Tacoma
Interior
Fireplace false
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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126 Newman Creek Rd, Elma, Washington, 98541, USA