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Historic Building Renovation in 2025

625 Commerce St, Tacoma, WA 98402

For Sale
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Iconic building with restaurant, retail, and office spaces for sale.

Property Size90,572 SF
Days on Market427

Property Features for 625 Commerce St

General Information

Standard status Active
Size 90,572 SF
Class A
Property subtype Office

Site & Location

Neighborhood New Tacoma

Building Details

Building Size 90,572 SF
Year Built 1892

Properties For Sale

at 625 Commerce St Contact us
Name Size Type Rate Availability
Suite 204 600 SF Office Building — — Contact us
Suite 206 1,616 SF Office Building — — Contact us
Suite 213 878 SF Restaurant — — Contact us
Suite 214 356 SF Office Building — — Contact us
Suite 215 and Suite 217 800 SF Office Building — — Contact us
Suite 219 378 SF Restaurant — — Contact us
Suite 226 903 SF Restaurant — — Contact us
Suite 229 541 SF Restaurant — — Contact us
Suite 230 527 SF Restaurant — — Contact us
Suite 305 1,556 SF Office Building — — Contact us
Suite 306 953 SF Office Building — — Contact us
Suite 310 1,920 SF Office Building — — Contact us
Suite 312 408 SF Specialty Center — — Contact us
Suite 313 151 SF Specialty Center — — Contact us
Suite 314 196 SF Specialty Center — — Contact us
Suite 315 210 SF Specialty Center — — Contact us
Suite 315 770 SF Specialty Center — — Contact us
Suite 320 325 SF Specialty Center — — Contact us
Suite 320M - 324M 860 SF Specialty Center — — Contact us
Suite 325 282 SF Office Building — — Contact us
Suite 325M 282 SF Specialty Center — — Contact us
Suite 330 132 SF Specialty Center — — Contact us
Suite 336 589 SF Office Building — — Contact us
Suite 338 199 SF Office Building — — Contact us
Suite 339 255 SF Office Building — — Contact us
Suite 342 658 SF Office Building — — Contact us
Suite 347 1,014 SF Office Building — — Contact us
Suite 400M 1,200 SF Office Building — — Contact us
Suite 406 979 SF Office Building — — Contact us
Suite 407 1,162 SF Office Building — — Contact us
Suite 417 1,041 SF Office Building — — Contact us
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: John Bauder, CCIM
Source: Lee-associates
Added: Sep 10, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:40AM

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

Rey
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Investment Insights

Based on property information with market context.

This iconic building is undergoing a complete historic renovation, slated for completion in 2025. The available spaces include restaurant and food vendor locations ranging 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 offer flexible layouts from 150 to 9,532 square feet, designed to fit the needs of innovative and growing businesses. Located at the Old City Hall stop on Tacoma's Link Light Rail, the property is seamlessly connected to every major downtown market in the Pacific Northwest. It is adjacent to dining, shopping, and McMenamins Elk Temple. The property offers sweeping views and timeless architecture.

Key Highlights

  • Complete historic renovation in 2025
  • Located at the Old City Hall stop on Tacoma's Link Light Rail
  • Sweeping views and timeless architecture

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Old City Hall ... Coworking & Hybrid Office Pastoral Therapy Associates Family Counselor Clock Tower Tour Operator

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Pet Grooming Service Tanning Salon Veterinary Clinic Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,596
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Office buildings in Tacoma, WA

$201 Jul
$203 Aug
$227 Sep
$227 Oct

Properties on Market for Office buildings in Tacoma

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office building - Iconic building with restaurant, retail, and office spaces for sale.
Where is this office building located?
The property is located at 625 Commerce St Tacoma, WA.
What are key features of this property?
This property features: Complete historic renovation in 2025; Located at the Old City Hall stop on Tacoma's Link Light Rail; Sweeping views and timeless architecture
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