Center Street Plaza

4916 Center Street, Tacoma, WA 98409

Property Information

  • For Sale $9,000,000
  • Property Type Retail
  • Property Size 20,810 SF
  • Units 15
  • Lot Size 1.89 Acre
  • Zoning C2
  • Year Built 1988
  • Date Updated Nov 9, 2026

Description

On behalf of the ownership, we are pleased to exclusively offer for sale Center Street Plaza, a 20,810 square foot retail center located at 4916 Center Street, Tacoma, Washington 98409. This offering represents a compelling opportunity to acquire a high-performing retail asset in a proven trade area. Center Street Plaza is strategically positioned within one of Tacoma’s busiest and most established commercial corridors, benefiting from strong visibility, excellent accessibility, and high daily traffic counts estimated at approximately 28,000–32,000 vehicles per day along Center Street. Zoned C-2 Commercial and structured as an NNN investment property, the asset offers investors stable operational characteristics within a highly desirable infill retail market. The property is located near major national retailers including The Home Depot and Lowe's, creating strong regional consumer draw and consistent daily traffic throughout the corridor. The surrounding trade area is supported by a dense concentration of retail, restaurant, medical, and service-oriented businesses, reinforcing long-term tenant demand and investment stability. Center Street Plaza features a diversified tenant mix including established local and regional operators such as Gravity Coffee, Pho Tai, and The Phone Guys, providing consistent customer activity and strong retail synergy. The nearby U.S. Department of Veterans Affairs facility further strengthens the corridor by contributing a stable government-backed presence often viewed by investors as “AAA-rated” caliber tenancy due to the backing of the U.S. government. This premium Tacoma retail asset offers investors the opportunity to acquire a well-located commercial property with strong fundamentals, established tenancy, and long-term upside in one of the region’s most active retail corridors.

Highlights

  • Center Street Plaza enjoys immediate access to a major interstate interchange, placing the property within a short drive of the broader Tacoma metropolitan consumer base.
  • Center Street Plaza is prominently positioned along a high-traffic retail corridor in Tacoma, WA, capturing maximum visibility from the primary trade area.
  • Significant residential and mixed-use development projects currently underway in the Tacoma submarket will further expand the trade area population.
  • The property is surrounded by national credit tenants and big-box retailers, creating a synergistic retail destination that drives co-tenancy traffic.
  • The surrounding five-mile trade area boasts above-average household incomes, supporting strong consumer spending across retail categories.
  • 4916 Center Street is located in one of Tacoma’s busiest commercial corridors, directly next to The Home Depot and Lowe's, generating strong daily traffic and visibility. This premium infill location offers excellent accessibility and strong long-term value in a high-demand commercial market.
  • NNN investment property zoned C-2 Commercial, positioned within a high-traffic retail corridor with strong visibility and accessibility. The property benefits from consistent consumer traffic and a well-established mix of national, regional, and local commercial tenants.
  • The property benefits from its proximity to the U.S. Department of Veterans Affairs Veterans Affairs facility, providing consistent traffic and long-term stability to the surrounding commercial corridor. As a federally backed government agency, the VA is commonly viewed by investors and lenders as a
  • The property is also supported by strong local and regional tenants including Gravity Coffee, Pho Tai, and The Phone Guys, providing a diverse and established tenant mix within the corridor. These recognized regional operators contribute to consistent consumer traffic and strengthen the property’s l

Contacts

Location

Located at 4916 Center Street, Tacoma, WA 98409, this property is part of the South Tacoma neighborhood and Seattle market.

  • 64/100 Somewhat Walkable
  • 37/100 Somewhat Bikeable
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