Provided by NWMLS, Bought with ZNonMember-Office-MLS and Listed by Westlake Associates, Inc.
Sold
8702 -8716 S Hosmer Street
Tacoma WA, 98444
$11,510,000
$258.84 per sqft
Sold
44,467 sqft
Multi-family
Built in 1978
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.
1981716
MLSⓇ ID
August 10, 2022
Listed
March 21, 2024
Updated
Map
8702 -8716 S Hosmer Street
Tacoma WA, 98444
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Heating
Yes
Exterior/Building Features
Lot Size
3.19 Acres
Exterior Features
Wood, Wood Products
Lot Features
Curbs, Paved, Sidewalk
Roof
Composition
Sewer
Sewer Connected
School Information
School District
Tacoma
Other Property Details
Area Name
53 - South Tacoma
Garage
No
Parking Total
200
View
No
County
Pierce
Pool
No
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Data last updated on 4/19/2024 at 12:00 PM UTC