Historic Building with Flexible
For Lease
Contact for pricing
625 Commerce St, Tacoma, WA 98402
Renovated historic building offering restaurant, retail, and office spaces.
Property Size10,460 SF
Lot Size0.39 Acres
Days on Market447
Property Features for 625 Commerce St
General Information
Standard status
Active
Size
10,460 SF
Lot size
0.39 Acres
Property subtype
RETAIL
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 238-0043
Listed By:
Harrison Laird
(253) 238-0044
Source:
Moodyscre
Added: May 12, 2025
Changed: Jul 6
Last Checked: Jul 22 at 3:37AM
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 iconic building is undergoing a complete historic renovation slated for completion in 2025. It offers a variety of spaces suitable for different uses. Restaurant or food vendor spaces range 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 range from 150 to 9,532 square feet, offering flexible layouts to fit the needs of innovative and growing businesses. The property is located at the Old City Hall stop on Tacoma's Link Light Rail, providing seamless connectivity to every major downtown market in the Pacific Northwest. It is adjacent to dining, shopping, and McMenamins Elk Temple.
Key Highlights
- Complete Historic Renovation (2025)
- Direct access to Tacoma's Link Light Rail (Old City Hall stop)
- Flexible spaces suitable for restaurant, retail, and office use
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,596
Businesses Nearby
Explore this area
Business Placement
Demographics for 98402, WA
8,053
Population
4,788
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
6,711
Density / Sq Mi
$54,712
Median Household Income
$43,145
Median Earnings
$1,478
Median Rent
$558,100
Median Home Value
Market
Lease Benchmarks for Tacoma, WA
$22.22 /SF/Yr
Avg Asking Price
$3.23–$81.73 /SF/Yr
Price Range
4,222 SF
Avg Space Size
This space is priced 35% above the average of $22.22 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Renovated historic building offering restaurant, retail, and office spaces.
Where is this office units located?
The property is located at 625 Commerce St Tacoma, WA.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Complete Historic Renovation (2025); Direct access to Tacoma's Link Light Rail (Old City Hall stop); Flexible spaces suitable for restaurant, retail, and office use
