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3519-3521 6th Ave 3,454 SF 75% Leased Retail Building Tacoma, WA 98406 $1,750,000 ($506.66/SF) 6.03% Cap Rate
Investment Highlights
- 4 way intersection.
- Modern retail design.
- High traffic corner location.
- 2026 Remodel.
Executive Summary
The property at 3519 6th Ave in Tacoma, WA presents a compelling opportunity for investors or owner-users seeking a modern retail building in a high-visibility location.
Positioned on a prominent four-way intersection in North Tacoma, the property benefits from strong vehicle traffic, excellent visibility, and proximity to major transportation corridors. Retail space on main level are both occupied. One space remains available for occupancy. The building was fully remodeled in 2025–2026, delivering a modern retail environment with updated systems and infrastructure. Long term lease with Lamar for Billboard. Cap 6.03% on Pro-forma P&L.
Positioned on a prominent four-way intersection in North Tacoma, the property benefits from strong vehicle traffic, excellent visibility, and proximity to major transportation corridors. Retail space on main level are both occupied. One space remains available for occupancy. The building was fully remodeled in 2025–2026, delivering a modern retail environment with updated systems and infrastructure. Long term lease with Lamar for Billboard. Cap 6.03% on Pro-forma P&L.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,454 SF
Building Class
A
Year Built/Renovated
1924/2026
Price
$1,750,000
Price Per SF
$506.66
Cap Rate
6.03%
NOI
$105,525
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.21 AC
Zoning
C2 - C-2: General Community Commercial District
Zoning also approved for I-502 recreational cannabis.
Parking
15 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
183’ on 6th Avenue
Amenities
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Golden Oldies Records Tapes
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Golden Oldies Records Tapes | Retailer | - | - | - |
Very walkable
80/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 324500-2020 | Improvements Assessment | $116,600 |
| Land Assessment | $472,400 | Total Assessment | $589,000 |
Property Taxes
Parcel Number
324500-2020
Land Assessment
$472,400
Improvements Assessment
$116,600
Total Assessment
$589,000
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3519-3521 6th Ave