102 South 26th St

The property is positioned near Tacoma Dome Station, Pacific Avenue, Interstate 5 and downtown Tacoma, WA.NAI Puget Sound Properties is pleased to exclusively offer for sale 102 S 26th Street in Tacoma, Washington. The approximately 14,888-square-foot multi-tenant flex property is situated on an approximately 11,700-square-foot parcel and is occupied by a diverse mix of neighborhood retail, creative, fitness, residential and flex industrial users. The property has undergone extensive renovations, including the addition of a luxury apartment, upgraded plumbing and electrical systems, and the demising of spaces for multiple tenants and uses. The property is offered at $1,750,000, reflecting a 7.12% capitalization rate on current net operating income of $124,592. In-place rents are below current market levels, creating an opportunity to increase income as leases expire in 2030 and spaces are renewed or re-leased at market rates. The offering combines stabilized near-term cash flow with meaningful future mark-to-market upside in a well-located Tacoma asset.