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2940 S M St
Tacoma, WA 98409

Industrial Property For Sale

Investment Highlights

  • Five tenant spaces with grade-level doors
  • Close proximity to major hubs like Port of Tacoma, Kent Industrial Valley, and Port of Seattle
  • Convenient access to Interstate 5 and Hwy 16 interchanges

Executive Summary

Introducing M STREET INDUSTRIAL PARK, located at 2940 S M Street in Tacoma, WA—an exceptional investment opportunity in the bustling Nalley Valley industrial area. This property features a total of 23,500 SF spread across two buildings on 1.55 acres of land. The M1 and M2-STGPD Industrial zoning permits various uses, including i502 cannabis operations. We are 100% leased but have a space coming available in January that could be occupied by an owner-user. Inquire for more details.

PROPERTY FACTS

Sale Type Investment or Owner User
Net Initial Yield 6.75%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Rentable Building Area 23,500 SF
Number of Floors 1
Year Built 2000
Parking Ratio 1.66/1,000 SF
Clear Ceiling Height 21 ft
No. Dock-High Doors/Loading 6
Level Access Doors 4
Opportunity Zone Yes

Amenities

  • Fenced Lot

Utilities

  • Water - City Water
  • Sewer - City Sewer
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 655000-0320
  • 032008-4097
Land Assessment
£817,505
Improvements Assessment
£1,568,317
Total Assessment
£2,385,822

zoning

Zoning Code M-2 (M1 and M2-STGPD Industrial zoning permits various uses, including i502 cannabis operations.)
M-2 (M1 and M2-STGPD Industrial zoning permits various uses, including i502 cannabis operations.)
  • Listing ID: 33274180

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: 2940 S M St, Tacoma, WA 98409

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