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Investment Highlights

  • 144 feet of frontage on Pacific Avenue
  • Pierce Counties Towne Center Zoning, allowing for a mix of high-density, multi-family residential, local retail, grocery, restaurants, office, civic u

Executive Summary

This commercial retail property at 14423 Pacific Ave S offers a unique investment opportunity in a high-traffic corridor of Tacoma, Washington. Positioned along Pacific Avenue with over 33,892 vehicles passing daily, the site provides exceptional visibility and accessibility. The property spans 0.63 acres and includes a 6,875 SF retail building, a 1,250 SF residential structure, and a 720 SF garage, creating multiple potential income streams.
The Town Center (TCTR) zoning designation supports a wide range of uses, including retail, office, restaurants, and high-density residential, making this an attractive redevelopment or repositioning opportunity. The existing retail building features two drive-in doors, while the garage includes an additional drive-in, enhancing operational flexibility. Eight surface parking spaces and branded awning signage further add to the property’s functionality and exposure.
Located near major retailers such as Safeway, Home Depot, and Walgreens, as well as dining options and community amenities, the property benefits from strong surrounding demand drivers. Its proximity to Lake Spanaway Golf Course, Sprinker Recreation Center, and major transportation routes ensures consistent traffic and accessibility.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,875 SF
Building Class
C
Year Built
1952
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.63 AC
Zoning
TCTR - Towne Center (TCTR) zone classification allows for a mix of high-density, multi-family residential, local retail, grocery, restaurants, office, etc
Parking
8 Spaces (1.16 Spaces per 1,000 SF Leased)
Frontage
144’ on Pacific

Amenities

  • Signage
  • Wheelchair Accessible
  • Air Conditioning

Nearby Major Retailers

Bigfoot Java
Albertsons
Grocery Outlet
KeyBank
CrossFit
Starbucks
LA Fitness

Property Taxes

Property Taxes

Parcel Number
031921-2003
Land Assessment
$928,980 CAD
Improvements Assessment
$377,125 CAD
Total Assessment
$1,306,105 CAD
  • Listing ID: 39769061

  • Date on Market: 2023-08-23

  • Last Updated:

  • Address: 14423 Pacific Ave S, Tacoma, WA 98444

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