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TACOMA OWNER/USER // REDEVELOPMENT 622 Tacoma Ave S 8,277 SF 51% Leased Office Building Tacoma, WA 98402 $1,450,000 ($175.18/SF)
Investment Highlights
- Office building with strong potential to create strong cash flows indefinitely
- Sizable land area for CBD location, granting 3.0/1,000 RSF parking and future development potential
- Year Built: Circa 1956/1970
- Possible to either occupy a portion, or all of the building, and/or renew several MTM tenants long-term
- Close to UW Tacoma campus and centrally located in fast growing area.
Executive Summary
• Possible to either occupy a portion, or all of the building, and/or renew several MTM tenants long-term
• Sizable land area for CBD location, granting 3.0/1,000 RSF parking and future development potential
• Close to UW Tacoma campus and centrally located in fast growing area.
• Sizable land area for CBD location, granting 3.0/1,000 RSF parking and future development potential
• Close to UW Tacoma campus and centrally located in fast growing area.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
8,277 SF
Building Class
C
Year Built
1956
Price
$1,450,000
Price Per SF
$175.18
Percent Leased
51%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,139 SF
Slab To Slab
9’
Building FAR
0.51
Lot Size
0.37 AC
Zoning
DR - DR: Downtown Residential District
Parking
24 Spaces (2.9 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Balcony
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Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 200612-0040 | Improvements Assessment | $1,000 |
| Land Assessment | $1,050,100 | Total Assessment | $1,051,100 |
Property Taxes
Parcel Number
200612-0040
Land Assessment
$1,050,100
Improvements Assessment
$1,000
Total Assessment
$1,051,100
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Videos
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TACOMA OWNER/USER // REDEVELOPMENT | 622 Tacoma Ave S
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