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Retail Space Near Stadium Thriftway
For Lease
$20 SF/Yr

118 N Tacoma Avenue, Tacoma, WA 98403

4,300 SF retail space with high visibility and great co-tenants.

Space Size2,000 SF
Property Size4,395 SF
Days on Market344

Property Features for 118 N Tacoma Avenue

General Information

Standard status Active
Size 2,000 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 4,395 SF
Year Built 1945

Spaces For Lease

at 118 N Tacoma Avenue Contact us

2,000 SF Available $20/SF/Yr

Size
2,000 SF
Term
Negotiable
Contact us
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Kyle Prosser
Source: Lee-associates
Added: Sep 25, 2025 Changed: Sep 2 Last Checked: Sep 2 at 4:42PM

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 Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This 4,300 SF building is located next to Shake Shake Shake, offering a storefront, a co-tenant, and visibility. Short or long-term leases are available. The property is near Stadium Thriftway, Moshi Moshi, Salamones Pizza, and Indo Street Eatery. This location presents a retail or office opportunity. The district is situated between the North Slope residential neighborhood, the Stadium Business District, and the Hilltop neighborhood. The area shares characteristics with Tacoma's downtown, featuring an urban environment and a large population of apartment-dwelling working-class residents. The area consists primarily of single-family homes, apartments, and condominium buildings, some with views of Commencement Bay. It is one of the retail markets in Tacoma.

Key Highlights

  • High‑visibility location in a high‑demand retail market.
  • Located next to a popular restaurant (Shake Shake Shake).
  • Strong co‑tenancy with proximity to established businesses (Stadium Thriftway, Moshi Moshi, Salamones Pizza, Indo Street Eatery).

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith Garden Center Veterinary Clinic Pet Grooming Service

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
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,150
Businesses Nearby
23k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Shell Shops & Services
10,208 visits/mo 0.2 miles
7-Eleven Shops & Services
6,724 visits/mo 0.2 miles
Umpqua Bank Shops & Services
3,421 visits/mo 0.1 miles
Jacksons Shops & Services
2,020 visits/mo 0.2 miles
Premier Collision CARSTAR Shops & Services
366 visits/mo 0.1 miles

Demographics for 98403, WA

8,341
Population
4,863
Households
1.7
Avg Household Size
39
Median Age
64%
College-Educated
99%
High-School Grad
1.0 sq mi
ZIP Area
8,341
Density / Sq Mi
$86,179
Median Household Income
$63,918
Median Earnings
$1,414
Median Rent
$737,100
Median Home Value

Market

Lease Benchmarks for Tacoma, WA

$18.88 /SF/Yr
Avg Asking Price
$3.11–$26 /SF/Yr
Price Range
4,974 SF
Avg Space Size

This space is priced 6% above the average of $18.88 /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 - 4,300 SF retail space with high visibility and great co-tenants.
Where is this retail space located?
The property is located at 118 N Tacoma Avenue Tacoma, WA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: High‑visibility location in a high‑demand retail market.; Located next to a popular restaurant (Shake Shake Shake).; Strong co‑tenancy with proximity to established businesses (Stadium Thriftway, Moshi Moshi, Salamones Pizza, Indo Street Eatery).
More about this property
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