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Downtown Tacoma Office Building For Sale
For Sale
$1,500,000

940 Broadway, Tacoma, WA 98402

Located in downtown Tacoma's retail corridor near the transit hub.

Property Size18,000 SF
Price / SF$83.33
Days on Market205

Property Features for 940 Broadway

General Information

Standard status Active
Size 18,000 SF
Class B
Property subtype Office

Building Details

Building Size 18,000 SF
Year Built 1919
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Harrison Laird
Source: Lee-associates
Added: Jan 26 Changed: Aug 16 Last Checked: Aug 19 at 5:36AM

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.

Located along downtown Tacoma’s retail corridor, this property is situated near the area's largest transit hub. The building offers potential for various uses. It is suitable for conversion into a multi-tenant building or for continued use as a single-occupant building. The property includes multiple stairwells and an existing elevator shaft.

Key Highlights

  • Located along downtown Tacoma’s retail corridor.
  • Near downtown’s largest transit hub.
  • Ready to be turned into a multi‑tenant building.

Property Analytics

Current Use

LeRoy Jewelers (Bike/Boat/Book/etc) Store The Art Stop (Bike/Boat/Book/etc) Store Julia Lowther (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Auto Repair Shop Garden Center Veterinary Clinic Storage Facility

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

5,687
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

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Located in downtown Tacoma's retail corridor near the transit hub.
Where is this office building located?
The property is located at 940 Broadway 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: Located along downtown Tacoma’s retail corridor.; Near downtown’s largest transit hub.; Ready to be turned into a multi‑tenant building.
More about this property
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