Property Details

Positioned in the heart of Tacoma’s rapidly evolving urban core, 1016 S 10th St presents a rare opportunity to acquire a high-visibility asset along the thriving Martin Luther King Jr. Way corridor. Now offered at $2.6M, this property is ideally suited for investors, developers, or owner-users looking to capitalize on continued growth and redevelopment in the surrounding area.Zoned Neighborhood Commercial Mixed-Use (NCX), the site allows for a wide range of uses including retail, office, multifamily, or a thoughtfully designed mixed-use project. With allowable building heights up to 45 feet (buyer to verify), the property offers strong upside potential for vertical development in a corridor seeing consistent new construction and investment.The existing structure provides immediate utility and flexibility, featuring 20-foot vaulted ceilings, a two-level assembly space ideal for events or congregational use, multiple private offices, reception area, and ADA-compliant restrooms. A standout feature is the expansive 12,996 SF finished basement, offering substantial additional square footage rarely found in comparable properties. The roof was replaced in 2018, adding to the building’s overall value and functionality.Whether you’re looking to reposition the current improvements or pursue a ground-up development, this property offers a strategic foothold in one of Tacoma’s most active growth corridors.Opportunities like this are becoming increasingly scarce—secure your position in Tacoma’s future today.**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%..**