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436 2nd St NE 3,101 SF 100% Leased Office Building Puyallup, WA 98372 $1,250,000 ($403.10/SF)
INVESTMENT HIGHLIGHTS
- Corner lot between two one ways.
- Located across from city park.
EXECUTIVE SUMMARY
Downtown Puyallup office building in the central business district zoning. Desirable corner lot location allows signage visibility going north bound on 2nd St SE and south bound on Meridian. Future development possibilities allow six stories after passage of growth management act just approved. Building used as real estate office for over 40 years.
Finished basement with interior and exterior entrance with approximately 1170 sq.ft for a total finished of 4273 more or less.
Finished basement with interior and exterior entrance with approximately 1170 sq.ft for a total finished of 4273 more or less.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,101 SF
Building Class
C
Year Built/Renovated
1949/1985
Price
$1,250,000
Price Per SF
$403.10
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,101 SF
Building FAR
0.28
Lot Size
0.25 AC
Zoning
CBD-CORE - Central business district allows more floor levels (up to 6) with less parking. Finished basement sq. footage of approximately 1170 added in 1985.
Parking
14 Spaces (0 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 042027-2109 | Total Assessment | $798,900 (2025) |
| Land Assessment | $494,300 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $304,600 (2025) | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
042027-2109
Land Assessment
$494,300 (2025)
Improvements Assessment
$304,600 (2025)
Total Assessment
$798,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2025
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436 2nd St NE
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