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    933 Market St Tacoma, WA 98402

    For Sale
    $5,000,000

    Historic mixed-use building, prime location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This iconic 1922 Nash Building, located at 933 Market Street in Tacoma, Washington's vibrant Downtown North Tacoma (DCC) district, presents a rare investment opportunity. The three-story structure masterfully combines classic architecture with Art Deco influences, offering a unique blend of historical charm and modern functionality. Undergoing meticulous updates in 2024, the building boasts a brand new HVAC system, completely updated electrical and plumbing systems, and a comprehensive seismic retrofit, ensuring both comfort and structural integrity for years to come. The property's mixed-use design is highly attractive. The ground floor houses the well-established Tacoma Comedy Club, a popular restaurant, bar, and entertainment venue operating under a current lease. The second floor comprises a substantial 7,800 square foot flex space, fully finished and ready for immediate occupancy, offering immense versatility for a variety of commercial uses. Convenient parking is provided by a secure, finished parking garage on the first floor, with capacity for 17 vehicles. Adding to its appeal is a stunning rooftop lounge, offering breathtaking panoramic views of Commencement Bay and the downtown area. This space is ideal for private events or as a valuable amenity for tenants. Priced at $5,000,000, this landmark property represents a unique chance to acquire a piece of Tacoma's history while capitalizing on its contemporary utility and prime location.

    Property Features for 933 Market St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1922
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tacoma Comedy Club Comedy Club Joe's Plumbing & Heating Plumber Danny Furnace Repair Furnace Repair Service Tacoma Burger Company Comedy Club Fat Boy Wings Chicken Wings Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Law Firm Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4413
    Latitude
    47.25397

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    FAQs

    What type of property is this?
    Commercial real estate - Historic mixed-use building, prime location.
    Where is this commercial real estate located?
    The property is located at 933 Market St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    (253) 853-3522
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    933 Market St Tacoma, WA 98402
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