4008 S Pine Street, Tacoma, WA 98409 (MLS # 2353393)
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Listing provided courtesy of Northwest MLS; Seattle Works Real Estate
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This commercial property presents a lucrative investment opportunity within Tacoma's vibrant Urban Center Mixed-Use District (UCX), the South Tacoma Groundwater Protection District (STGPD) and Opportunity Zone, offering exceptional accessibility and future development potential. Strategically located just off the Tacoma Mall and easy access to I-5, this property benefits from high visibility and seamless connectivity. Currently fully leased with a robust 7% cap rate, this property guarantees consistent and reliable income, supported by 2 long-term rental tenants. Zoned to accommodate multiple types buildings, presenting a significant redevelopment or conversion opportunity with base height of 65 feet, with the potential to increase to 85ft.
| LAST UPDATED | 4/1/2025 | TRACT | Tacoma Mall |
|---|---|---|---|
| YEAR BUILT | 1956 | COMMUNITY | Tacoma Mall |
| COUNTY | Pierce | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 48 - South Tacoma |
| HEAT | Electric, Forced Air |
| INTERIOR | Ceramic Tile, Hardwood, Laminate |
| LOT | 9749 sq ft |
| LOT DESCRIPTION | Level |
| MLS STATUS | Active |
| STYLE | 60 - Comm Bldg Und 10K |
| SUBDIVISION | Tacoma Mall |
| TAXES | 5192.62 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/2/25 6:20 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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