933 Market St - Storefront FOR SALE


Tacoma, WA 98402
$5,000,000 USD
253-227-1609
933 Market St, Tacoma, WA for Sale
$5,000,000 USD
Storefront - FOR SALE
1/38
null | 7.6% Cap Rate

933 Market St
Tacoma, WA 98402


HIGHLIGHTS

  • Multiple use opportunities
  • Fully updated / comprehensive seismic upgrades
  • Vintage historic vibe in a growing development area
  • Could be creative space, law firm, or other start up office space

OVERVIEW

Historic 1922 Nash Building in North Downtown Tacoma (CC) seamlessly blends classic architecture with modern Art Deco influence. Meticulously updated, it boasts new 2024 HVAC, updated electrical/plumbing and comprehensive seismic retrofitting. This mixed-use, three-floor property includes a Market Street club/restaurant/bar leased to the iconic Tacoma Comedy Club with 15 ft ceilings, a versatile 8000 sq. ft. fully finished flex space on second floor, and a finished, secure parking garage accommodating 18 vehicles on the first floor (or 25+ for car collectors). Vehicle ramp to second floor could be reinstalled and modular (non load bearing) walls make improvements for tenants/owner low cost. Rooftop lounge w/stunning views of Commencement Bay and DT —perfect for private gatherings or tenant amenities. This is a unique opportunity to own a landmark property that embodies both historic elegance and a solid investment (7.6% cap rate is pro forma, see attached OM and floor plans).

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Nash Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,017 SF

ZONING

OZ, DCC

APN/PARCEL ID

200907-0060

ASK ABOUT THIS PROPERTY

Shane KlinkhammerRE/MAX NorthwestMore Info
253-227-1609

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Shane KlinkhammerRE/MAX NorthwestMore Info
253-227-1609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.