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Newly Completed Retail Development
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1011 S L St, Tacoma, WA 98405

New retail space in a modern Tacoma development with owner-funded tenant improvements available.

Property Size10,000 SF
Days on Market207

Property Features for 1011 S L St

General Information

Standard status Active
Size 10,000 SF
Property subtype RETAIL
Lease Type SF/yr
Listing Agency: Northwest Investment Partners
Listed By: Loundyne Hare
Source: Moodyscre
Added: Jan 6 Changed: Jul 26 Last Checked: Aug 1 at 9:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northwest Investment Partners

Investment Insights

Based on property information with market context.

This leasing offering features owner-funded tenant improvements available for new occupancies within a newly completed, modern commercial development. Ideal for retailers seeking contemporary space, the property provides a clean, updated environment for establishing a business presence.

Located in Tacoma’s Hilltop District, the development is positioned just minutes from Downtown Tacoma and major healthcare employers including MultiCare Tacoma General and St. Joseph Medical Center. It is also near the new Hilltop Link Light Rail extension, supporting convenient access for customers and employees.

Retail space is available for rent within the development, providing an opportunity to position your business in a recently delivered commercial setting.

Key Highlights

  • Owner‑funded tenant improvements (TIs) available
  • Newly completed modern commercial development in Tacoma’s Hilltop District
  • Minutes from Downtown Tacoma

Property Analytics

Current Use

play therapy and maternal ... Medical Clinic Jennifer Whipple Psychotherapy Counselor CenturyLink Telecommunications Service Starlight Counseling and Family ... Counselor Safe Space Yoga ... Association / Organization

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Tech Support Center Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,301
Businesses Nearby
32k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 67% Shops & Services 30% Home Improvements & Furnishings 3%
Safeway Groceries
21,361 visits/mo 0.5 miles
Shell Shops & Services
8,301 visits/mo 0.2 miles
U-Haul Shops & Services
1,303 visits/mo 0.4 miles
Johnstone Supply Home Improvements & Furnishings
931 visits/mo 0.5 miles

Demographics for 98405, WA

24,617
Population
11,645
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
6,004
Density / Sq Mi
$80,024
Median Household Income
$51,028
Median Earnings
$1,480
Median Rent
$443,800
Median Home Value

Market

Lease Benchmarks for Tacoma, WA

$23.78 /SF/Yr
Avg Asking Price
$3.23–$81.73 /SF/Yr
Price Range
3,113 SF
Avg Space Size

This space is priced 24% below the average of $23.78 /SF/Yr.

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - New retail space in a modern Tacoma development with owner-funded tenant improvements available.
Where is this retail space located?
The property is located at 1011 S L St Tacoma, WA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Owner‑funded tenant improvements (TIs) available; Newly completed modern commercial development in Tacoma’s Hilltop District; Minutes from Downtown Tacoma
(206) 850-7053 Call to check price and availability
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