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Property profile & analytics
OFF-MARKET
Turn key restaurants

933 Market St Tacoma, WA 98402-3604

9,000 SF 0.21 ac lot Built 1922
Individually Owned 22-yr Hold ~ Est. High Equity
Property ID
US90-3304394
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1922
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,000 SF
Lot 0.21 ac (9,000 SF)
Zoning code DCC
APN 2009070060
UPID US90-3304394
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tacoma Comedy Club Nightclub Theater & Performing Art Venue
  • Joe's Plumbing & Heating Plumbing Service General Contractor
  • Danny Furnace Repair HVAC Service General Contractor
  • Tacoma Burger Company Nightclub Theater & Performing Art Venue
  • Fat Boy Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Christopher E Wallis · 22 yrs held
Christopher E Wallis
since 2003
3 recorded transactions
2003
$525,000
1999
$503,170
1969
Price N/A
Zoning & alternative use
DCC · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Downtown Commercial Core
General category COMMERCIAL
Zone area 133.04 ac
Source Ordinance Table
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