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    738 Broadway Tacoma, WA 98402

    Sponsored
    For Sale
    $4,000,000

    Two buildings, 51,000 SF, prime location

    Property size:
    51,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity encompasses two mixed-use buildings totaling 51,000 square feet in Tacoma, Washington's desirable downtown core. Located at 738 & 722 Broadway, this property offers a unique blend of office and parking space. The four-story building at 738 Broadway boasts 24,000 square feet of renovated office and retail space, completed in 2021. This building sits on a 6,000 square foot lot and features a modern design. Adjacent to 738 Broadway is the 27,000 square foot parking facility at 722 Broadway, situated on a 9,000 square foot lot. This three-level structure provides 62 parking stalls, a warehouse area, and four storage spaces, also renovated in 2021. Both buildings are zoned DCC, offering flexibility for a variety of uses. The combined property offers an asking price of $4,000,000, with a price per square foot of $78.43. Built in 1919 (with renovations in 2021), the buildings benefit from an excellent location, providing easy access to major highways and public transportation, including the new light rail station at Old City Hall. The property is available for occupancy on June 25, 2024. This presents a compelling opportunity for owner-users or investors seeking a versatile and strategically located asset in a thriving urban environment.

    Property Features for 738 Broadway

    General Information

    Property type
    Automotive properties
    Square Feet
    51,000 SF

    Building Details

    Year Built/Renovated
    1919/2021
    Buildings
    2
    Stories
    4

    HighLights

    • 738 Broadway, Tacoma, WA: 24,000 SF building on a 6,000 SF lot. Price per building square foot: $102.08 (assuming $1.55M garage value). Zoned DC. Built 1916, renovated 1990 & 2021.
    • 722 Broadway, Tacoma, WA: 27,000 SF building on a 9,000 SF lot. Price per building square foot: $57.41 (assuming $1.55M garage value). Zoned DC. Built 1919, renovated 1975 & 2021. 62‑stall, three‑level parking facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Puget Sound Collections Debt Collection Agency Jill Kinney Psychologist

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.44085648
    Latitude
    47.25642873

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    FAQs

    What type of property is this?
    Automotive property - Two buildings, 51,000 SF, prime location
    Where is this automotive property located?
    The property is located at 738 Broadway Tacoma, WA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 738 Broadway, Tacoma, WA: 24,000 SF building on a 6,000 SF lot. Price per building square foot: $102.08 (assuming $1.55M garage value). Zoned DC. Built 1916, renovated 1990 & 2021.; 722 Broadway, Tacoma, WA: 27,000 SF building on a 9,000 SF lot. Price per building square foot: $57.41 (assuming $1.55M garage value). Zoned DC. Built 1919, renovated 1975 & 2021. 62-stall, three-level parking facility.;
    Request Owner's contact information
    738 Broadway Tacoma, WA 98402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    738 Broadway Tacoma, WA 98402
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