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    2111 Pacific Ave Tacoma, WA 98402

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    For Sale
    $2,985,000

    Renovated 12,005 SF building in downtown Tacoma with parking.

    Property size:
    12,005 SF

    Property Features for 2111 Pacific Ave

    General Information

    Standard status
    Active
    Size
    12,005 SF

    Building Details

    Year built
    1917

    Source: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Agent JOHN BAUDER, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Tacoma Building with Freeway Access

    Located in downtown Tacoma, this 12,005 SF building presents an opportunity with parking and immediate freeway access. The entire building is available for occupancy upon the current lease expiration on 12/31/25. Constructed in 1917 and completely renovated in 2000, the Bone Dry Shoe Building is listed on the Tacoma Register of Historic Places. The building can also be easily demised to provide approximately 3,000 SF of retail or office space fronting Pacific Avenue. The exposed structure features board-form concrete exterior walls and old-growth heavy-timber beams and columns. The renovation included the addition of an accessible elevator and a seismic retrofit, along with improvements to the HVAC, electrical, security, and plumbing systems. New envelope elements consist of an insulated single-ply roof.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McGranahan Architects Architect

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -122.435697
    Latitude
    47.2426348

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    FAQs

    What type of property is this?
    Office building - Renovated 12,005 SF building in downtown Tacoma with parking.
    Where is this office building located?
    The property is located at 2111 Pacific Ave Tacoma, WA.
    What is the asking price?
    The asking price for this property is $2,985,000.
    What are key features of this property?
    This property features: - Prime downtown Tacoma location with parking and immediate freeway access.; - Full building occupancy available 1/1/2026 upon lease expiration.; - Potential to create approximately 3,000 SF of retail/office space fronting Pacific Avenue.
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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
    2111 Pacific Ave Tacoma, WA 98402
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