Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2621 Proctor St Tacoma, WA 98407

    Sponsored
    For Sale
    $4,250,000

    Tacoma Storefront: Huge Redevelopment Potential

    Property size:
    10,815 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Tacoma, WA investment opportunity presents a prime 21,000 square foot lot encompassing two parcels (APN 747501-2-240, 747501-2-180) at the corner of N. Proctor and 27th Streets. The property features a fully occupied 10,815 square foot, single-story storefront building constructed in 1924 and renovated in 1992. Currently operating at 100% occupancy under a triple net lease (NNN) with multiple tenants, this property offers immediate cash flow. The NCX zoning allows for a diverse range of uses, including residential, retail, and other commercial ventures, presenting significant redevelopment potential. All city utilities are connected. Comprehensive appraisals and environmental studies are available upon request. The asking price is $4,250,000. All cash offers or terms acceptable to the seller. Please do not disturb the tenants.

    Property Features for 2621 Proctor St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,815 SF

    Building Details

    Year Built/Renovated
    1924/1992
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    New Era Cleaners ... Dry Cleaner Tacoma Glass Gallery ... Art Gallery Fuzzy Wuzzy Rug ... Car Detailing Service Multicare Mental Health ... Medical Clinic Graffiti Busters Graffiti Removal Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.488379
    Latitude
    47.271835

    Nearby Similar for Sale

    • $3,300,000
      23,860 SF

      Mixed-Use Building with Parking

      Two-story office, retail, and warehouse building with parking lot.
      2209-2215 Pacific Ave, Tacoma, WA 98402
      View Details
    • $1,995,000
      10,584 SF

      Former Bank Building on Tacoma Way

      Unique mid-century modern building suitable for retail, restaurant, or office.
      8801 South Tacoma Way, Tacoma, WA 98499
      View Details
    • $7,500,000

      84+ Acre Estate Investment Opportunity

      84+ acre estate with multiple venue business potential.
      Undisclosed, Tacoma, WA
      View Details
    • $1,600,000
      9,296 SF

      Professional/Medical Office Building in Tacoma

      Two-story office building near I-5, ideal for owner-user or investor.
      1720 S 72Nd St, Tacoma, WA 98408
      View Details
    • $13,000,000
      153 SF

      Tacoma Avenue Office Building For Sale

      Office building near transit with redevelopment potential in Tacoma, Washington.
      1301-1305 Tacoma Ave S | Tacoma, Tacoma, WA 98402
      View Details
    • $600,000
      3,748 SF

      Stand-Alone Mixed-Use Building For Sale

      3,748 SF mixed-use building with rental and apartment space.
      14416 Pacific Ave S, Tacoma, WA 98444
      View Details
    • Contact for pricing
      66 SF

      Tacoma Industrial Buildings with Fenced Yards

      Two industrial buildings totaling 66,645 SF with fenced yards.
      2007 Lincoln Ave, Tacoma, WA 98421
      View Details
    • Contact for pricing
      66,645 SF

      Industrial Buildings with Fenced Yard

      Two industrial buildings totaling 66,745 SF on 5.05 acres.
      2007 Stewart St, Tacoma, WA 98421
      View Details
    • $1,269,000

      Tacoma Mixed-Use Redevelopment Opportunity

      Mixed-use property in Tacoma's Lincoln District with redevelopment potential.
      809 S 38Th St, Tacoma, WA 98418
      View Details
    • $60,000
      924 SF

      Remodeled Home in All Ages Park

      Spacious, remodeled home in Tacoma all-ages park with modern updates.
      3106 35Th Street Ct E, Tacoma, WA 98443
      View Details
    • Contact for pricing
      11,320 SF

      Historic Tacoma Office Building

      Classic office space in downtown Tacoma with water and mountain views.
      621 Pacific Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing
      90,572 SF

      Historic Building Renovation in 2025

      Iconic building with restaurant, retail, and office spaces for sale.
      625 Commerce St, Tacoma, WA 98402
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Tacoma Storefront: Huge Redevelopment Potential
    Where is this individual retail property located?
    The property is located at 2621 Proctor St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $4,250,000.
    Request Owner's contact information
    2621 Proctor St Tacoma, WA 98407
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2621 Proctor St
    Tacoma, WA 98407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2621 Proctor St Tacoma, WA 98407
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.