Corner Building with Mixed-Use
For Sale
Contact for pricing
301 E 25th St, Tacoma, WA 98421
Mixed-use building with restaurant, banquet room, and apartments near Tacoma Dome.
Property Size8,904 SF
Lot Size0.15 Acres
Price / SF$168.46
Days on Market940
Property Features for 301 E 25th St
General Information
Standard status
Active
Size
8,904 SF
Lot size
0.15 Acres
Property subtype
RETAIL
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 596-0032
Listed By:
Zachary Ota
(253) 596-0032
Source:
Moodyscre
Added: Jan 3, 2024
Changed: Jul 6
Last Checked: Jul 22 at 4:13AM
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 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.
Key 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.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $128,474 @ 7.0% cap · market cap 8.56%
Second Best
Mixed Use
$1.76M
$1.54M – $2.05M
NOI $122,875 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$2.74M
$2.39M – $3.19M
NOI $191,578 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 98421, WA
1,239
Population
78
Households
15.9
Avg Household Size
34
Median Age
25%
College-Educated
98%
High-School Grad
6.5 sq mi
ZIP Area
191
Density / Sq Mi
$1,273
Median Rent
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
