This commercial property presents a lucrative investment opportunity within Tacoma's vibrant Urban Center Mixed-Use District (UCX), the South Tacoma Groundwater Protection District (STGPD) and Opportunity Zone, offering exceptional accessibility and future development potential. Strategically located just off the Tacoma Mall and easy access to I-5, this property benefits from high visibility and seamless connectivity. Currently fully leased with a robust 7% cap rate, this property guarantees consistent and reliable income, supported by 2 long-term rental tenants. Zoned to accommodate multiple types buildings, presenting a significant redevelopment or conversion opportunity with base height of 65 feet, with the potential to increase to 85ft.
Listing Provided Courtesy of Andreina Tinoco, Seattle Works Real Estate
General Information
NWM2353393
Commercial Industrial
81
DOM
9748.73 SqFt
0
1956
Pierce
Commercial Sale
Commercial Industrial
Listing Provided Courtesy of Andreina Tinoco, Seattle Works Real Estate
Krishna Realty data last checked: Jun 21, 2025 12:54 | Listing last modified Apr 01, 2025 20:43,
Source:
This commercial property presents a lucrative investment opportunity within Tacoma's vibrant Urban Center Mixed-Use District (UCX), the South Tacoma Groundwater Protection District (STGPD) and Opportunity Zone, offering exceptional accessibility and future development potential. Strategically located just off the Tacoma Mall and easy access to I-5, this property benefits from high visibility and seamless connectivity. Currently fully leased with a robust 7% cap rate, this property guarantees consistent and reliable income, supported by 2 long-term rental tenants. Zoned to accommodate multiple types buildings, presenting a significant redevelopment or conversion opportunity with base height of 65 feet, with the potential to increase to 85ft.
