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7902 27th St W
Tacoma, WA 98466
Prestige Center · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
15,553 SF
Building Class
C
Year Built
1961
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.57
Lot Size
0.63 AC
Zoning
C1
Parking
38 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
About 7902 27TH ST W , TACOMA, WA 98466
The Prestige Center, located in the quiet University Place area, is a Bavarian style mixed-use complex with 10 apartments and 9 commercial suite spaces. The commercial suites are occupied by long tenured businesses making for a very stable tenant base. In addition, there is a cell phone tower onsite yielding an addition $1,847/mo in income. This stabilized asset is turn key, providing great yield, but still offers an investor further upside in rental income. University Place is home to 31,500 residents with many locations offering stunning views of the Olympic Mountains draping over the picturesque Puget Sound. Recently, University Place was home to the US Open at Chamber's Bay Golf Course
Property Taxes
| Parcel Number | 918020-0510 | Improvements Assessment | $1,389,900 |
| Land Assessment | $743,600 | Total Assessment | $2,133,500 |
Property Taxes
Parcel Number
918020-0510
Land Assessment
$743,600
Improvements Assessment
$1,389,900
Total Assessment
$2,133,500
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