933 Market St Tacoma, WA 98402-3604
This iconic 1922 Nash Building, located at 933 Market Street in Tacoma, Washington's vibrant Downtown North Tacoma (DCC) district, presents a rare investment opportunity. The three-story structure masterfully combines classic architecture with Art Deco influences, offering a unique blend of historical charm and modern functionality. Undergoing meticulous updates in 2024, the building boasts a brand new HVAC system, completely updated electrical and plumbing systems, and a comprehensive seismic retrofit, ensuring both comfort and structural integrity for years to come. The property's mixed-use design is highly attractive. The ground floor houses the well-established Tacoma Comedy Club, a popular restaurant, bar, and entertainment venue operating under a current lease. The second floor comprises a substantial 7,800 square foot flex space, fully finished and ready for immediate occupancy, offering immense versatility for a variety of commercial uses. Convenient parking is provided by a secure, finished parking garage on the first floor, with capacity for 17 vehicles. Adding to its appeal is a stunning rooftop lounge, offering breathtaking panoramic views of Commencement Bay and the downtown area. This space is ideal for private events or as a valuable amenity for tenants. Priced at $5,000,000, this landmark property represents a unique chance to acquire a piece of Tacoma's history while capitalizing on its contemporary utility and prime location.
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Tacoma Comedy Club Nightclub Theater & Performing Art Venue
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Joe's Plumbing & Heating Plumbing Service General Contractor
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Danny Furnace Repair HVAC Service General Contractor
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Tacoma Burger Company Nightclub Theater & Performing Art Venue
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Fat Boy Wings Restaurant
same uses prohibited in the DCC D istrict are also prohibited in the DMU District. The maximum building height in this district is 100 feet. DR: Downtown Residential The DR D istrict contains a predominance of mid -rise, higher density, urban residential development, together with places of employment and retail services. The preferred use of the DR District…
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DCC · Tacoma, WAsame uses prohibited in the DCC D istrict are also prohibited in the DMU District. The maximum building height in this district is 100 feet. DR: Downtown Residential The DR D istrict contains a predominance of mid -rise, higher density, urban residential development, together with places of employment and retail services. The preferred use of the DR District is residential. Retail, office, and educational uses are also allowed. Industrial uses are prohibited. The maximum building height in this district is 90 feet.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.