Property summary
This Tacoma, WA commercial property, located at 2040 6th Avenue, 98405, presents a unique live/work opportunity. The two-story, 2,686 square foot building, constructed in 1900 and renovated in 1995, sits on a 0.12-acre lot in Pierce County. Currently configured as a single-tenant space, it features 1,828 square feet of street-level office space, an 858 square foot upper-level apartment, and an unfinished basement suitable for storage. The building is ideally suited for a variety of professional office or retail uses, offering a convenient live/work component. Parking is available along 6th Avenue and in a fenced rear lot. The property enjoys a prime location in Tacoma's 6th Avenue Business District, providing easy freeway access. The asking sales price is $790,000, and the asking lease rate is $25 per square foot, modified gross. This building represents a compelling investment opportunity in a thriving urban area. The property's traditional office subtype and central location make it an attractive option for businesses seeking a blend of workspace and residential living.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice
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Alternative Medicine Practice
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Solar Energy Company
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Alternative Medicine Practice Spa & Massage Center
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Alternative Medicine Practice
Location
Value estimations
Owner & transaction history
Zoning & alternative use
NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a level that is compatible with the surrounding neighborhood. The distric t is intended…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
NCX · Tacoma, WANCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a level that is compatible with the surrounding neighborhood. The distric t is intended…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a level that is compatible with the surrounding neighborhood. The distric t is intended…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NCX in Tacoma, WA.
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