2705 Pacific Ave Tacoma, WA 98402-2806
This exceptional 29,120-square-foot warehouse, situated on a 13,000-square-foot lot in central Tacoma's business district, presents a compelling redevelopment opportunity. The property boasts 165 feet of frontage on Pacific Avenue and 130 feet on South 27th Street. This two-story building, constructed in 1931 and renovated in 1975, features a main floor of 13,000 square feet, including offices and a 12-foot roll-up loading dock accessible from the alley. The lower level, also 13,000 square feet, offers an 11-foot roll-up loading dock with drive-in access, accommodating forklifts with its 12-foot clearance. Several office spaces are included, notably a fully equipped radio frequency safe room. A 3,100-square-foot mezzanine adds further versatility. The building benefits from full sprinkler systems. The Warehouse Residential (WR) zoning allows for diverse uses, including warehousing, business, commercial applications, and multi-family dwellings, subject to a 100-foot height restriction. This historically significant property, once the King Roller Rink, offers significant potential for a savvy investor or owner-user. The asking price is $1,950,000, with a price per square foot of $66.96. The property includes two parcels and features open floor plans with full truss spans. Two loading docks are available. The property is currently owner-occupied. The APN is 2077130020.
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Helmets R Us, Inc. Big Box & Wholesale Store
WR: Warehouse Residential District The WR D istrict is intended to consist principally of a mixture of industrial activities and residential buildings in which occupants maintain a business involving industrial activities. The preferred uses of the WR D istrict are industrial located entirely in a building and residential. Retail, educational, office, and go…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
WR · Tacoma, WAWR: Warehouse Residential District The WR D istrict is intended to consist principally of a mixture of industrial activities and residential buildings in which occupants maintain a business involving industrial activities. The preferred uses of the WR D istrict are industrial located entirely in a building and residential. Retail, educational, office, and governmental uses are allowed. The maximum building height in this district is 100 feet. 8 Commercial Zoning Districts Commercial districts are denser zoning districts in the City located outside of the Downtown area. These districts contain a variety of uses ranging from small and large scale office space to hosp itals and light warehousing. The intensity of commercial development depends on the district. Residential uses are also appropriate in all commercial districts. The specific purposes of the Commercial Districts can be found in the Tacoma Municipal Code Section 13.06.200.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.