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Listing Provided by Westlake Associates  
$14,200,000
S 8702 -8716 Hosmer St, Tacoma, WA 98444
0 Beds
0 Baths
44,467 SqFt

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Listing Provided by Westlake Associates  
The American Lodge presents investors with a rare opportunity to convert a 142-room motel into a market-rate multifamily property. The potential unit types consist of (71) 210 sqft & (71) 280 sqft studios. The current owner is in the process of getting permits for the change of use. American Lodge was constructed in 1978 featuring classic “walk up” style construction with exterior corridor unit access. The buildings have recently undergone a major exterior renovation which includes brand new roofs on the buildings & exterior paint job. Electrical system have been upgraded to add small kitchens/kitchenettes in all the rooms. With current lack of affordable housing supply, this property is positioned to benefit from conversion to multifamily.
  • Price:
  • $14,200,000
  • Square Footage:
  • 44,467
  • Acreage:
  • 3.19
  • Year Built:
  • 1978
  • Listing ID #:
  • NWM1981716
  • Street Address:
  • S 8702 -8716 Hosmer St
  • City:
  • Tacoma
  • State:
  • Washington
  • Postal Code:
  • 98444
  • County:
  • Pierce
  • Community:
  • 53 - South Tacoma
  • Subdivision:
  • South Tacoma
  • Listing Status:
  • Pending
  • Listing Type:
  • Residential Income
School District: Tacoma
  • Approximate Square Footage Range:
  • 44467
  • Exterior Description:
  • Wood, Wood Products
  • Foundation:
  • Poured Concrete
  • Furnished:
  • Unfurnished
  • Leasable Square Feet:
  • 40877
  • Number Of Units:
  • 2
  • Stories:
  • 2
  • Structure:
  • Multi Family
  • Style:
  • 56 - 10+ Units
  • Total Building Square Footage:
  • 44467
  • Type Of Roof:
  • Composition
  • Year Built:
  • 1978
  • Lot Features:
  • Curbs, Paved, Sidewalk
  • Lot Square Footage:
  • 138956
  • Suitable Use:
  • Commercial, Multi-Family, See Remarks
  • On Market Date:
  • 2022-08-10
  • Originating Mls:
  • Nwmls
  • Terms:
  • Cash Out
  • Subdivision:
  • South Tacoma
  • Tax Year:
  • 2022
  • Parking Spaces:
  • 200
  • Uncovered Parking Spaces:
  • 200
  • Sewage Type:
  • Sewer Connected
  • Utilities:
  • Sewer Connected, Electricity Available
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided by Westlake Associates
  • Disclaimer: The information contained in this listing has not been verified by the member's firm and should be verified by the buyer. WANWMLS

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