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3802 S Cedar St
Tacoma, WA 98409
Retail Property For Sale
Investment Highlights
- SIGNIFICANT VALUE-ADD UPSIDE
- HIGHLY FUNCTIONAL LAYOUT
- EXPLOSIVE DAYTIME POPULATION DENSITY
- LONG-TERM CREDIT STABILITY
- RARE OWNER-USER OPPORTUNITY
- COMPELLING SUBMARKET FUNDAMENTALS
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,063 SF
Building Class
C
Year Built
1978
Price
$6,756,935 CAD
Price Per SF
$224.76 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.44
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
Urban Center Mixed Use
Parking
52 Spaces (1.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 971000-1651 | Improvements Assessment | $1,754,621 CAD |
| Land Assessment | $3,545,380 CAD | Total Assessment | $5,300,001 CAD |
Property Taxes
Parcel Number
971000-1651
Land Assessment
$3,545,380 CAD
Improvements Assessment
$1,754,621 CAD
Total Assessment
$5,300,001 CAD
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