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    2122 Commerce St Tacoma, WA 98402

    Sponsored
    For Sale
    $1,950,000

    Tacoma Restaurant/Office Space

    Property size:
    5,062 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,062 square foot commercial space, located at 2122 Commerce St in Tacoma, WA 98402, is ideally situated within the historic Brewery District. Priced at $1,950,000 ($26/SF modified full-service, plus separately metered electric), this Class B property offers a blend of restaurant and executive office potential. Built in 1907, the suite features an elevator and internal staircase, along with signage opportunities. Parking is available at a market rate (3 spaces per 1,000 sq ft). High-end furniture is available for purchase. The location provides unparalleled access to Interstate 5, is two blocks from Union Station light rail, and is adjacent to the University of Washington Tacoma campus. Benefit from high foot traffic generated by surrounding hotels, businesses, apartments, and the university, as well as easy access for customers from Pacific Avenue. The Brewery Blocks complex itself boasts over 200 residential units and ample parking. This property presents a unique investment opportunity in a thriving Tacoma neighborhood.

    Property Features for 2122 Commerce St

    General Information

    Property type
    Restaurants
    Square Feet
    5,062 SF
    Class
    B

    Building Details

    Year Built
    1907
    Units
    200

    HighLights

    • 2122 Commerce Street, 5,650 square feet.
    • Asking price: $1,950,000.
    • Modified full‑service gross lease rate: $26 per square foot (plus separately metered electric).
    • Features an elevator and internal staircase.
    • On‑site signage opportunities available.
    • 3/1,000 parking ratio available at market rates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chapter 13 Standing ... Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4371207
    Latitude
    47.2423981

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    FAQs

    What type of property is this?
    Restaurant - Tacoma Restaurant/Office Space
    Where is this restaurant located?
    The property is located at 2122 Commerce St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 2122 Commerce Street, 5,650 square feet.; Asking price: $1,950,000.; Modified full-service gross lease rate: $26 per square foot (plus separately metered electric).
    Request Owner's contact information
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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
    2122 Commerce St Tacoma, WA 98402
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