3802 S Cedar St - Freestanding FOR SALE


Tacoma, WA 98409- South Tacoma
$4,955,000 USD
206-584-6195
3802 S Cedar St, Tacoma, WA for Sale
$4,955,000 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

3802 S Cedar St
Tacoma, WA 98409
South Tacoma


HIGHLIGHTS

  • SIGNIFICANT VALUE-ADD UPSIDE
  • LONG-TERM CREDIT STABILITY
  • HIGHLY FUNCTIONAL LAYOUT
  • RARE OWNER-USER OPPORTUNITY
  • EXPLOSIVE DAYTIME POPULATION DENSITY
  • COMPELLING SUBMARKET FUNDAMENTALS

OVERVIEW

Northmarq is pleased to present the offering of 3802 South Cedar Street in Tacoma, Washington. This versatile asset features a unique configuration that pairs high-visibility, street-facing retail with functional industrial space, supporting a diverse range of storage, workspace, and back-of-house operations. The flexibility of the building’s layout enhances tenant usability and broadens the potential occupant pool, ensuring long-term leasing stability and adaptability to market trends. The Offering presents a prime opportunity for both investors and owner-users to acquire a highly functional retail-industrial asset within one of the South Puget Sound’s most active commercial corridors. Anchored by Sherwin-Williams, which has occupied the site since 1996, the property provides a stable income foundation with significant value-add potential through the stabilization of its remaining vacant suites.

FOR SALE DETAILS

PRICE

$4,955,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

Urban Center Mixed Use

APN/PARCEL ID

971000-1651

ASK ABOUT THIS PROPERTY

RJ VaraNorthmarqMore Info
206-584-6195

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RJ VaraNorthmarqMore Info
206-584-6195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.