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1321 Martin Luther King Jr Way 26,100 SF Vacant Office Building Tacoma, WA 98405 $4,500,000 ($172.41/SF)
Investment Highlights
- Located two blocks from Hilltop light rail station with direct access to downtown Tacoma.
- Walk Score of 90 with multiple transit options, including bus and commuter rail.
- On-site surface parking with 27 spaces included in rent.
- Features a commercial-grade kitchen, banquet space, classrooms, and boardrooms.
- Close to major healthcare facilities and employment hubs within one mile.
- Easy access to I-705 and regional transportation networks.
Executive Summary
1321 Martin Luther King Jr Way is a 26,100 SF 2-story + lower level office/retail building in Hilltop, Tacoma. The property is well suited for an owner-user or investor, featuring a fully built-out commercial-grade kitchen, numerous classrooms and boardrooms, and flexible banquet space.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
26,100 SF
Building Class
B
Year Built/Renovated
1997/2022
Price
$4,500,000
Price Per SF
$172.41
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,050 SF
Slab To Slab
10’
Building FAR
2.00
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
NCX, Tacoma - Zoned Neighborhood Commercial Mixed-Use, the site allows for retail, office, multifamily, or mixed-use redevelopment.
Parking
27 Spaces (1.03 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 201321-0060 | Improvements Assessment | $1,167,200 |
| Land Assessment | $687,500 | Total Assessment | $1,854,700 |
Property Taxes
Parcel Number
201321-0060
Land Assessment
$687,500
Improvements Assessment
$1,167,200
Total Assessment
$1,854,700
Contacts
-
Alex Muir -
Stuart Williams -
McCallum Mead -
John Bauder CCIM -
Harrison Laird -
Lee & Associates Commercial Real Estate Services
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Videos
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Photos
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1321 Martin Luther King Jr Way
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