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1016 S 10th St - Hilltop Christian Center 19,024 SF Specialty Building Offered at $2,689,000 at a 7.42% Cap Rate in Tacoma, WA 98405
Investment Highlights
- 2-level seating area, perfect for a church, events, or other gatherings
- Reception area & break rooms
- 12,996 SF finished basement—a rare find, offering additional usable space
- Multiple professional offices
- ADA-compliant restrooms
- New roof installed in 2018
Executive Summary
Welcome to 1016 S 10th St—an outstanding property with exceptional potential, ideally positioned along the high-visibility Martin Luther King Jr. Way. This vibrant corridor is experiencing rapid transformation, with multiple nearby developments already underway, making this a strategic time to invest.
Zoned Neighborhood Commercial Mixed-Use (NCX), the site offers remarkable flexibility for a variety of uses including retail, office, multi-family housing, or a dynamic mixed-use concept. With zoning that allows building heights up to 45 feet (buyer to verify), the opportunity to maximize vertical space and long-term value is substantial.
The existing structure is equally impressive, featuring:
- 20-foot vaulted ceilings
- Two-level seating area ideal for events, church, or community gatherings
- Multiple professional offices, reception area, and break rooms
- ADA-compliant restrooms
- Expansive 12,996 SF finished basement—rare and highly versatile
- New roof installed in 2018
Whether you’re looking to revitalize the current building or pursue new development, this property offers a gateway into Tacoma’s growing urban core. Surrounded by active investment and community renewal, it’s a rare opportunity to secure a key location with long-term upside.
Don’t miss your chance to be part of Tacoma’s future.
** Showing Instructions: Please contact the listing broker. Do not disturb tenants. Selling broker must be present for all showings or commission will be reduced to 1%. **
Zoned Neighborhood Commercial Mixed-Use (NCX), the site offers remarkable flexibility for a variety of uses including retail, office, multi-family housing, or a dynamic mixed-use concept. With zoning that allows building heights up to 45 feet (buyer to verify), the opportunity to maximize vertical space and long-term value is substantial.
The existing structure is equally impressive, featuring:
- 20-foot vaulted ceilings
- Two-level seating area ideal for events, church, or community gatherings
- Multiple professional offices, reception area, and break rooms
- ADA-compliant restrooms
- Expansive 12,996 SF finished basement—rare and highly versatile
- New roof installed in 2018
Whether you’re looking to revitalize the current building or pursue new development, this property offers a gateway into Tacoma’s growing urban core. Surrounded by active investment and community renewal, it’s a rare opportunity to secure a key location with long-term upside.
Don’t miss your chance to be part of Tacoma’s future.
** Showing Instructions: Please contact the listing broker. Do not disturb tenants. Selling broker must be present for all showings or commission will be reduced to 1%. **
Property Facts
| Price | $2,689,000 | Lot Size | 0.15 AC |
| Price Per SF | $141.35 | Building Size | 19,024 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Cap Rate | 7.42% | Year Built | 1943 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Religious Facility | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | NCX - Neighborhood Commercial Zoning | ||
| Price | $2,689,000 |
| Price Per SF | $141.35 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.42% |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 19,024 SF |
| No. Stories | 3 |
| Year Built | 1943 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | NCX - Neighborhood Commercial Zoning |
Amenities
- Commuter Rail
- Signage
- Air Conditioning
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Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | 201021-0010 | Improvements Assessment | $625,900 |
| Land Assessment | $394,200 | Total Assessment | $1,020,100 |
Property Taxes
Parcel Number
201021-0010
Land Assessment
$394,200
Improvements Assessment
$625,900
Total Assessment
$1,020,100
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1016 S 10th St - Hilltop Christian Center
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