Corner Building with Mixed-Use Potential

301 E 25th St, Tacoma, WA 98421

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For Sale

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Mixed-use building with restaurant, banquet room, and apartments near Tacoma Dome.

Type:RETAIL

Property size:

8,904 SF

Lot size:

0.15 Acres

Price / SF:

$168/SF

HighLights

Prime location blocks from Tacoma Dome, Sounder Transit, and Tacoma Link Light Rail.
High‑visibility corner building in Downtown Mixed Use (DMU) zone.
Restaurant on main floor with banquet room on the second floor.
Development potential with a maximum building height of 100 feet.
Easy access to major highways and proximity to downtown Tacoma.
Approximately 1,000 newly built multi‑family units in the surrounding area.

We can help!

Listing Contact

Zachary Ota

For Sale

Contact for pricing

Mixed-use building with restaurant, banquet room, and apartments near Tacoma Dome.

Type:RETAIL

Property size:

8,904 SF

Lot size:

0.15 Acres

Price / SF:

$168/SF

Added:: Jan 3, 2024
Days on Market:: 894
Last Refresh:: Apr 5 at 8:36 pm

Property Features for 301 E 25th St

General Information

Standard status: Active
Size: 8,904 SF
Lot size: 0.15 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Zachary Ota

Listing agent Zachary Ota

Listing office Lee & Associates Commercial Real Estate Services

Listing date Jan 3, 2024

Source Moodyscre

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

HighLights

Prime location blocks from Tacoma Dome, Sounder Transit, and Tacoma Link Light Rail.
High‑visibility corner building in Downtown Mixed Use (DMU) zone.
Restaurant on main floor with banquet room on the second floor.
Development potential with a maximum building height of 100 feet.
Easy access to major highways and proximity to downtown Tacoma.
Approximately 1,000 newly built multi‑family units in the surrounding area.

Overview

This corner building, constructed in 1904 and remodeled in 1975, offers great visibility and mixed-use potential. The property features a restaurant on the main floor, a banquet room on the second floor, and vacant apartments on the third floor. It is zoned Downtown Mixed Use (DMU) by the City of Tacoma, allowing for a maximum building height of 100 feet. The location provides easy access to major highways and proximity to downtown Tacoma. Situated blocks away from the Tacoma Dome, Sounder Transit station, and Tacoma Link Light Rail, the property benefits from its location. The surrounding area features approximately 1,000 newly built multi-family units.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$178.4k	$20.04
− Vacancy	−$7.1k	−$0.80
EGI	$171.3k	$19.24
− OpEx	−$42.8k	−$4.81
NOI	$128.5k	$14.43

8,904 SF · lease $20.04/SF/yr · vacancy 4.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.84M

$1.61M – $2.14M (±1% cap)

NOI $128,474 @ 7.0% cap · market cap 8.56%

Second Best

Mixed Use

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $122,875 @ 7.0% cap · market cap 8.19%

Theoretical Best

Office A

$2.74M

$2.39M – $3.19M (±1% cap)

NOI $191,578 @ 7.0% cap · market cap 12.77%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

The New Frontier Lounge Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Tacoma
County: Pierce
State: Washington
Longitude: -122.431
Latitude: 47.2397

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For sale
Mixed-use properties
WA
Tacoma
98421
301 E 25th St

What type of property is this?

Mixed-use property - Mixed-use building with restaurant, banquet room, and apartments near Tacoma Dome.

Where is this mixed-use property located?

The property is located at 301 E 25th St Tacoma, WA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Prime location blocks from Tacoma Dome, Sounder Transit, and Tacoma Link Light Rail.; High‑visibility corner building in Downtown Mixed Use (DMU) zone.; Restaurant on main floor with banquet room on the second floor.

301 E 25th St, Tacoma, WA 98421

Mixed-use building with restaurant, banquet room, and apartments near Tacoma Dome.

Property Features for 301 E 25th St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Multifamily Investment Opportunity

Multifamily Opportunity in Tacoma

Tacoma Warehouse with Secured Yard

Downtown Tacoma Investment Property

Tacoma Redevelopment Opportunity

Tacoma Investment Property For Sale

Downtown Tacoma Owner-User Opportunity

Historic Office Mansion with Penthouse

Tacoma Industrial Property with Yard

Tacoma Retail Center For Sale

Industrial Property with Outdoor Storage

Three-Unit Office Building

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