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Vacant-User

1918 Stewart Street

1918 Stewart St, Tacoma, WA 98421

Listing Price: Request For Offer

Gross SF
26,400
Lot Size
1.95 acres
Year Built
1972
Rentable SF
26,400

Investment Overview

We are pleased to present the sale offering for a core Industrial Warehouse property in Tacoma, Washington. The 1918 Stewart Street Building is situated within the heart of the Port of Tacoma, the third largest shipping port on the West Coast and part of the Northwest Seaport Alliance (Seattle/Tacoma), the fourth largest container port in the United States. This versatile concrete tilt-up panel structure situated on approximately 1.95 Acres of land has recently received extensive renovations for use as a marijuana production facility including a new roof replacement, HVAC, plumbing, electrical, lighting, sewer lines, water systems, security systems, underground vault, security fencing and site grading and gravel amounting to over $3,000,000 of major capital improvements. The 1918 Stewart property is an outstanding versatile industrial warehouse asset but the opportunity to capitalize on the massive upgrades, rare prior licensing / zoning approvals and “turn-key” status of this state of the art production and processing facility should not be missed. The excellent location of this property combined with the long term growth potential of the Port of Tacoma offers the savvy Owner/ Operator or Investor the chance to own a fundamentally sound industrial investment asset with an outstanding future in a dynamic growth market.

Investment Highlights

  • Core Port of Tacoma Location: Just across the Murray Morgan Bridge from Downtown Tacoma, the highly visible location provides convenient access to multiple interchanges for Interstate 5 and SR 509.
  • Extensively Renovated: Over $3,000,000 of recent capital improvements including new roof, HVAC, plumbing, electrical and many other upgrades.
  • Future Expansion Potential: The 85,000 SF level and rectangular site with over 74 existing parking stalls offers the potential for future building expansion area of over 25,000 SF.
  • Major U.S. Ports: The Northwest Seaport Alliance (Seattle/Tacoma) is one of the best quality, deep water, natural harbors in the world and the fourth largest container port in the United States.
  • Tier II Producer/Processor License: Washington State Liquor & Cannabis Board is not accepting applications for new licenses, creating a limited supply opportunity for an operator to assume the existing license and enter a high-barrier cannabis market.
  • Flexible Zoning: The Port Maritime and Industrial District (PMI) zoning designation is intended to allow for all industrial uses and uses that are not permitted in other districts offering maximum flexibility.
  • Versatile Building Features: A variety of industrial users will appreciate the concrete tilt-up, concrete floors, 18-20 foot clear height, dock high loading, ample parking and 18.2% of finished office space.
  • Pacific Northwest Growth: The City of Tacoma is experiencing exponential growth and the City is poised to capitalize on various pro-growth major infrastructure improvements including the upcoming connection to the $138 Billion Sound Transit Light Rail system linking the major markets of Seattle, Tacoma, Bellevue and beyond.

Exclusively Listed By

Financing By

Vacant-User

1918 Stewart Street

Listing Price: Request For Offer

Gross SF
26,400
Lot Size
1.95 acres
Year Built
1972
Rentable SF
26,400

Investment Highlights

  • Core Port of Tacoma Location: Just across the Murray Morgan Bridge from Downtown Tacoma, the highly visible location provides convenient access to multiple interchanges for Interstate 5 and SR 509.
  • Extensively Renovated: Over $3,000,000 of recent capital improvements including new roof, HVAC, plumbing, electrical and many other upgrades.
  • Future Expansion Potential: The 85,000 SF level and rectangular site with over 74 existing parking stalls offers the potential for future building expansion area of over 25,000 SF.
  • Major U.S. Ports: The Northwest Seaport Alliance (Seattle/Tacoma) is one of the best quality, deep water, natural harbors in the world and the fourth largest container port in the United States.
  • Tier II Producer/Processor License: Washington State Liquor & Cannabis Board is not accepting applications for new licenses, creating a limited supply opportunity for an operator to assume the existing license and enter a high-barrier cannabis market.
  • Flexible Zoning: The Port Maritime and Industrial District (PMI) zoning designation is intended to allow for all industrial uses and uses that are not permitted in other districts offering maximum flexibility.
  • Versatile Building Features: A variety of industrial users will appreciate the concrete tilt-up, concrete floors, 18-20 foot clear height, dock high loading, ample parking and 18.2% of finished office space.
  • Pacific Northwest Growth: The City of Tacoma is experiencing exponential growth and the City is poised to capitalize on various pro-growth major infrastructure improvements including the upcoming connection to the $138 Billion Sound Transit Light Rail system linking the major markets of Seattle, Tacoma, Bellevue and beyond.

Investment Overview

We are pleased to present the sale offering for a core Industrial Warehouse property in Tacoma, Washington. The 1918 Stewart Street Building is situated within the heart of the Port of Tacoma, the third largest shipping port on the West Coast and part of the Northwest Seaport Alliance (Seattle/Tacoma), the fourth largest container port in the United States. This versatile concrete tilt-up panel structure situated on approximately 1.95 Acres of land has recently received extensive renovations for use as a marijuana production facility including a new roof replacement, HVAC, plumbing, electrical, lighting, sewer lines, water systems, security systems, underground vault, security fencing and site grading and gravel amounting to over $3,000,000 of major capital improvements. The 1918 Stewart property is an outstanding versatile industrial warehouse asset but the opportunity to capitalize on the massive upgrades, rare prior licensing / zoning approvals and “turn-key” status of this state of the art production and processing facility should not be missed. The excellent location of this property combined with the long term growth potential of the Port of Tacoma offers the savvy Owner/ Operator or Investor the chance to own a fundamentally sound industrial investment asset with an outstanding future in a dynamic growth market.

Exclusively Listed By

Financing By

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