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$170,000
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Property Description
Rare business opportunity with over 20 years of continuous ownership. This well-organized, professionally operated business boasts a proven track record of long-term success, a loyal customer base, and a strong presence in the community. Prime location in a high-visibility area just off 38th Street, with immediate access to I-5. Flexible operating hours provide excellent potential for growth. The landlord is cooperative and open to assigning the current lease or negotiating new lease terms.
Full Property Details
Full Property Details for 1307 38th St
General
- Sold For: $170,000
- Status: Closed
- Type: Business
- Source: NWMLS
- MLS ID: 2401623
- Added to Site: 200 day(s) ago
Business
- Name: Peter's Grocery
- Business Type: Grocery, Retail
Rental Information
- Lease Terms: Assignable
Parking
- Uncovered Spaces: 7
Location
- Area: 50 - South Tacoma
- County: Pierce
- Subdivision: South Tacoma
- Driving Directions: Please use GPS.
Structural Information
- Property Condition: Average
Financial Considerations
- Terms: Cash Out, Owner Financing, SBA
Disclosures and Reports
- Special Conditions: None
- Property ID: 8935016160
Listed and Sold by Jiyun(Lydia) Lee | TS Property Management | (253) 512-1000 and Jeff Yoon | TS Property Management | (253) 512-1000
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Schools
Schools serving 1307 38th St
School District:Tacoma Public Schools
| Name | Grades | Distance |
|---|---|---|
Reed Elementary School 1802 South 36th Street, Tacoma, WA 98418 | PK-5 | 0.5 mi |
Angelo Giaudrone Middle School 4902 South Alaska Street, Tacoma, WA 98408 | 6-8 | 0.9 mi |
Lincoln High School, Tacoma, WA 701 South 37th Street, Tacoma, WA 98418 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1307 38th St
Date
Details
Price
Change
Source
11/19/2025
Sold
$170,000
-5.56%
MLS
7/01/2025
Listed
$180,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1307 38th St, Tacoma, WA 98418 (MLS# 2401623) is a Business property that was sold at $170,000 on November 19, 2025. Want to learn more about 1307 38th St? Do you have questions about finding other Business real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.

