Map of Property

S 38th St & Pine

2901 S 38th St, Tacoma, WA 98409

  • For Sale $1,930,000
  • Property Type Retail
  • Property Size 6,991 SF
  • Lot Size 19,846 SF
  • Cap Rate % 8.35
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 23
  • Parking Ratio 3.29 / 1,000 SF
  • Year Built 1980
  • Date Updated Sep 17, 2024

The Verger Team is pleased to present the opportunity to acquire 6,991 SF retail building, ideally positioned for an owner-user or valueadd investor. The property is currently 50% vacant, with an additional 14% occupied by CPR Cell Phone Repair (Dark), paying rent through December 2026. This provides an owner-user the opportunity to occupy up to 4,500 SF, or a value-add investor the opportunity to stabilize the property at an estimated 8.35% cap rate.

The center is near major freeways including I-5 & Hwy 16, ideally located in one of Tacoma’s main retail corridors, benefiting from its proximity to the Tacoma Mall, Costco, and various other national retailers. Emerald City Smoothie and Cricket Wireless, occupy a combined 36% of the leasable square footage, and have both recently exercised 5-year extensions, demonstrating their long-term commitment to the center.

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Contacts

broker

Kevin Simpson-Verger Is this you?

Kidder Mathews

broker

Maggie Verger Is this you?

Kidder Mathews

broker

Carrie Walker Is this you?

First Western Properties

Location

Getting Around

  • Walk Score ®

    68/100 Somewhat Walkable

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Tacoma, WA
  • Neighborhood South Tacoma
  • Zip Code 98409
  • Market Seattle

Points of Interest

  • Tacoma Dome

    2.46 miles

  • Theater District/South 9th Street

    2.81 miles

  • Lakewood

    4.92 miles

  • Capital Aeroporter Airport Shuttle

    5.85 miles

  • Point Defiance

    6.07 miles

  • Tahlequah

    7.71 miles

  • Shell

    0.05 miles

  • Chevron

    0.08 miles

  • Costco Gasoline

    0.28 miles

  • APP/CFN

    0.35 miles

  • eVgo

    0.54 miles

  • Circle K

    0.57 miles

  • Arco

    0.77 miles

  • Safeway Fuel Station

    1.00 miles

  • Shell

    1.12 miles

  • Shell

    1.14 miles

  • South Tacoma East Park & Ride - North Side

    1.31 miles

  • Center Street Park & Ride

    1.31 miles

  • South Tacoma West Park & Ride

    1.32 miles

  • South Tacoma East Park & Ride - South Side

    1.36 miles

  • South Tacoma Station Park & Ride

    1.46 miles

  • Wapato Park Parking Lot

    2.03 miles

  • Union Pacific Parking

    2.14 miles

  • Greater Tacoma Convention Center Parking Garage

    2.35 miles

  • Hotel Murano Hotel & Pavilion Parking

    2.43 miles

  • Parking Garage

    2.47 miles

  • Emerald City Smoothie

    0.01 miles

  • Burger King

    0.04 miles

  • Taco Time

    0.05 miles

  • Tacos Guaymas

    0.06 miles

  • McDonald's

    0.06 miles

  • Taco Bell

    0.07 miles

  • NYP Bar & Grill

    0.08 miles

  • Honey Baked Ham

    0.08 miles

  • Arby's

    0.10 miles

  • Wok Teriyaki

    0.10 miles

  • Marline's Deli & Health Foods

    0.10 miles

  • Ross

    0.13 miles

  • Nordstrom

    0.48 miles

  • Macy's

    0.50 miles

  • Burlington

    0.53 miles

  • Tacoma Mall

    0.53 miles

  • JCPenney

    0.63 miles

  • TJ Maxx

    1.01 miles

  • Safeway

    1.06 miles

  • Target

    1.07 miles

Frequently Asked Questions

How much does S 38th St & Pine cost?

The space currently listed for sale at S 38th St & Pine asks for $1,930,000.

What is the total square footage of S 38th St & Pine?

S 38th St & Pine totals 6,991 square feet.

When was this property built?

S 38th St & Pine was built in 1980.

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Contact S 38th St & Pine