Nash Building | 933 Market St
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Nash Building 933 Market St
27,000 SF Retail Building Tacoma, WA 98402 £3,950,050 (£146/SF) 7.60% Net Initial Yield
Investment Highlights
- Multiple use opportunities
- Vintage historic vibe in a growing development area
- Fully updated / comprehensive seismic upgrades
- Could be creative space, law firm, or other start up office space
Executive Summary
Historic 1922 Nash Building in North Downtown Tacoma (CC) seamlessly blends classic architecture with modern Art Deco influence. Meticulously updated, it boasts new 2024 HVAC, updated electrical/plumbing and comprehensive seismic retrofitting. This mixed-use, three-floor property includes a Market Street club/restaurant/bar leased to the iconic Tacoma Comedy Club with 15 ft ceilings, a versatile 8000 sq. ft. fully finished flex space on second floor, and a finished, secure parking garage accommodating 18 vehicles on the first floor (or 25+ for car collectors). Vehicle ramp to second floor could be reinstalled and modular (non load bearing) walls make improvements for tenants/owner low cost. Rooftop lounge w/stunning views of Commencement Bay and DT —perfect for private gatherings or tenant amenities. This is a unique opportunity to own a landmark property that embodies both historic elegance and a solid investment (7.6% cap rate is pro forma, see attached OM and floor plans).
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
27,000 SF
Building Class
B
Year Built/Renovated
1922/2024
Price
£3,950,050
Price Per SF
£146
Net Initial Yield
7.60%
NOI
£300,204
Tenancy
Single
Number of Floors
3
Building FAR
2.99
Land Acres
0.21 AC
Opportunity Zone
Yes
Zoning
OZ, DCC - Opportunity Zone, Development Commercial Core
Parking
18 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
Walk Score ®
Walker's Paradise (98)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 200907-0060 | Improvements Assessment | £638,091 (2024) |
| Land Assessment | £828,167 (2024) | Total Assessment | £1,466,259 (2024) |
PROPERTY TAXES
Parcel Number
200907-0060
Land Assessment
£828,167 (2024)
Improvements Assessment
£638,091 (2024)
Total Assessment
£1,466,259 (2024)
-
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RE/MAX Northwest
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Nash Building | 933 Market St
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