Center Street Plaza

THE OPPORTUNITY

See the potential.

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.

- 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.

- 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 “AAA-rated” caliber tenant due to the financial backing and reliability of the U.S. government.

- 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 long-term retail appeal.

- 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 DETAILS THAT MATTER

A closer look.

Transaction

For sale

Property type

Retail

Building area

20,810 SF

Lot area

1.89 acres

Year built

1988

Zoning

C2

Price per building SF

$432.48/SF

Information is supplied by the listing source. Unpublished financial fields are omitted. Financial figures and availability should be independently confirmed. Catalog updated Oct 19, 2026.

4916 Center Street, Tacoma, WA 98409