Tacoma Mixed-Use Revitalization
For Sale
$1,269,000
Pending
809 38th, Tacoma, WA 98418
Mixed-use property in Tacoma's Lincoln District with development potential.
Property SizeContact for details
Days on Market750
Property Features for 809 38th
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1916
Listing Agency:
VENTURE REAL ESTATE GROUP
(425) 531-7966
Listed By:
TAMMIE TOM-FREEMAN · License #RRE-BRO-LIC108827
Source:
Corcoran
Added: Jul 25, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:44AM
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 VENTURE REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This mixed-use property is located in the heart of Tacoma's revitalized Lincoln District, presenting an investment or owner-user opportunity. The second level has framework with previous residential units, with the potential to build 12-13 studio or one-bedroom units on the upper level, complemented by 3-4 retail units on the main level. The main level includes an attached warehouse. Designated parking is available behind the building. The property is conveniently located minutes from Tacoma Mall, T-Mobile, 24 Hour Fitness, Safeway, and Target. It is situated within a growing and developing market in Tacoma, near multiple new development sites. The property is being sold "As Is".
Key Highlights
- Prime location in Tacoma's revitalized Lincoln District.
- High proforma CAP rate of 7.45%.
- Potential to build 12‑13 studio/1‑bed residential units on the upper level.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Shops & Services 37%
Dining 13%
Electronics 4%
Safeway
Groceries
52,722 visits/mo
0.4 miles
Starbucks
Dining
13,481 visits/mo
0.2 miles
Safeway Gas
Shops & Services
12,060 visits/mo
0.4 miles
Shell
Shops & Services
9,310 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,443 visits/mo
0.2 miles
Demographics for 98418, WA
10,371
Population
4,520
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
6,101
Density / Sq Mi
$79,413
Median Household Income
$53,441
Median Earnings
$1,512
Median Rent
$385,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Tacoma's Lincoln District with development potential.
Where is this mixed-use property located?
The property is located at 809 38th Tacoma, WA.
What is the asking price?
The asking price for this property is $1,269,000.
What are key features of this property?
This property features: Prime location in Tacoma's revitalized Lincoln District.; High proforma CAP rate of 7.45%.; Potential to build 12‑13 studio/1‑bed residential units on the upper level.
