Log In/Sign Up
Your email has been sent.
6425 6th Ave
Tacoma, WA 98406
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 3 blocks north of Tacoma Community College & James Center
- Close proximity to State Route 16
- Average household incomes of $105,429 in a 1-mile radius
- Densely populated trade area with over 200,000 residents within 5 miles
- Strong renter base with 45.2% renter-occupied housing in a 1-mile radius
- Redevelopment potential in a zoning district supporting commercial and mixed-use
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present a compelling 4.95-acre fee simple investment opportunity encompassing three contiguous parcels located at 6421, 6423–6427, and 6425 6th Avenue, Tacoma, WA. Strategically positioned along the highly trafficked 6th Avenue commercial corridor, the site offers a unique combination of near-term income, with full site control in April of 2027, and long-term redevelopment potential.
The property includes land beneath approximately 39,300 square feet of existing retail improvements, leased under a ground lease to a private investment firm. The improvements are currently occupied by Grocery Outlet (±24,000 SF) and Rolf’s Import Auto Parts (±15,300 SF). The ground lease provides passive, income of approximately $119,655 annually. With the ground tenant electing not to renew, the lease expires March 31, 2027, delivering full site control to the future owner. The property can be delivered as a pad or with the improvements at expiration
The property includes land beneath approximately 39,300 square feet of existing retail improvements, leased under a ground lease to a private investment firm. The improvements are currently occupied by Grocery Outlet (±24,000 SF) and Rolf’s Import Auto Parts (±15,300 SF). The ground lease provides passive, income of approximately $119,655 annually. With the ground tenant electing not to renew, the lease expires March 31, 2027, delivering full site control to the future owner. The property can be delivered as a pad or with the improvements at expiration
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
39,300 SF
Building Class
C
Year Built
1972
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
4.95 AC
Zoning
C2
Parking
160 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
311’ on 6th Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $6,403,000 CAD | Total Assessment | $6,403,000 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,403,000 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,403,000 CAD
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
