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    625 Commerce St Tacoma, WA 98402

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    For Sale
    Contact for pricing

    Iconic building with restaurant, retail, and office spaces for sale.

    Property size:
    90,572 SF

    Property Features for 625 Commerce St

    General Information

    Size
    90,572 SF

    Building Details

    Year built
    1892

    Source: Harrison Laird Agent Harrison Laird

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

    Overview

    Historic Building Renovation in 2025

    This iconic building is undergoing a complete historic renovation, slated for completion in 2025. The available spaces include restaurant and food vendor locations ranging from 700 to 1,400 square feet, accommodating up to three unique dining concepts. Retail spaces are available from 540 to 2,000 square feet, with an additional street-level cafe or vendor opportunity to capture building and light rail customers. Office spaces offer flexible layouts from 150 to 9,532 square feet, designed to fit the needs of innovative and growing businesses. Located at the Old City Hall stop on Tacoma's Link Light Rail, the property is seamlessly connected to every major downtown market in the Pacific Northwest. It is adjacent to dining, shopping, and McMenamins Elk Temple. The property offers sweeping views and timeless architecture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Old City Hall ... Coworking Space Pastoral Therapy Associates Family Counselor Clock Tower Historical Place

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage 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
    -122.4400039
    Latitude
    47.2574999

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    FAQs

    What type of property is this?
    Office building - Iconic building with restaurant, retail, and office spaces for sale.
    Where is this office building located?
    The property is located at 625 Commerce St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $30.
    What are key features of this property?
    This property features: - Complete historic renovation in 2025; - Located at the Old City Hall stop on Tacoma's Link Light Rail; - Sweeping views and timeless architecture
    (206) 947-1594
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    625 Commerce St Tacoma, WA 98402
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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
    625 Commerce St Tacoma, WA 98402
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