Neighborhood Retail Center
For Sale
Contact for pricing
2315 N Pearl St, Tacoma, WA 98406
Ninety percent occupied neighborhood retail center with five separately parceled buildings and multiple signed and pending leases.
Property Size36,578 SF
Days on Market121
Property Features for 2315 N Pearl St
General Information
Standard status
Active
Size
36,578 SF
Property subtype
Retail
Occupancy
90%
Site & Location
Traffic Count
23,000 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Northmarq - Seattle
Listed By:
Joe Dugoni · License #WA 21001346
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 1:43AM
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 Northmarq - Seattle
Investment Insights
Based on property information with market context.
Westgate South Shopping Center is a 36,578-square-foot neighborhood retail center in Tacoma, Washington, offered for sale. The center is currently 90% occupied and features a diverse mix of retail, medical, personal services, and fast casual dining tenants. Recent leasing activity includes four leases signed and one lease being finalized.
The property includes five separately-parceled buildings: a freestanding Shell, a freestanding Comfort Dental, and three retail strips each under 12,000 square feet. The opportunity also contemplates lease-up of existing vacancy and the ability to purchase individual parcels or combine them.
The center benefits from high traffic counts in excess of 23,000 vehicles per day along Pearl Street, which connects directly to Hwy 16, and additional draw from shadow anchors including Planet Fitness (NAP), Big Lots (NAP), and neighboring Safeway.
The property includes five separately-parceled buildings: a freestanding Shell, a freestanding Comfort Dental, and three retail strips each under 12,000 square feet. The opportunity also contemplates lease-up of existing vacancy and the ability to purchase individual parcels or combine them.
The center benefits from high traffic counts in excess of 23,000 vehicles per day along Pearl Street, which connects directly to Hwy 16, and additional draw from shadow anchors including Planet Fitness (NAP), Big Lots (NAP), and neighboring Safeway.
Key Highlights
- Westgate South Shopping Center: 36,578 SF neighborhood retail center in Tacoma, WA.
- 90% occupied property with a mix of retail, medical, personal services, and fast casual dining tenants.
- Five separately parceled buildings: freestanding Shell, freestanding Comfort Dental, and three retail strips (<12,000 SF each).
Property Analytics
Current Use
Lease Details
23,000 VPD
Traffic count
90%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98406, WA
22,768
Population
10,748
Households
2.1
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
4.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$104,761
Median Household Income
$59,659
Median Earnings
$1,677
Median Rent
$594,100
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Ninety percent occupied neighborhood retail center with five separately parceled buildings and multiple signed and pending leases.
Where is this shopping center located?
The property is located at 2315 N Pearl St Tacoma, WA.
What are key features of this property?
This property features: Westgate South Shopping Center: 36,578 SF neighborhood retail center in Tacoma, WA.; 90% occupied property with a mix of retail, medical, personal services, and fast casual dining tenants.; Five separately parceled buildings: freestanding Shell, freestanding Comfort Dental, and three retail strips (
