$1,650,000 USD
206-445-7662
622 Tacoma Ave S
Tacoma, WA 98402
Stadium District
HIGHLIGHTS
- Office building with strong potential to create strong cash flows indefinitely.
- The building can be half-occupied by owner-user ASAP, and 100% occupied by mid-2025, or be leased out to market.
- Initial planning for a 7-story vertical mixed-use development: 79,122 GSF; 46,140 SF Residential + 1,653 SF Commercial Spaces
- Anchored by UW Tacoma campus and centrally located in fast growing area.
OVERVIEW
The building can be half-occupied by owner-user ASAP, and 100% occupied by mid-2025 or be leased out to market.
Additionally, Johnston Architects has conducted initial planning for a vertical mixed-use (primarily apartment) development. These plans envision a 7-story project containing 79,122 Gross SF 46,140 SF of residential plus 1,653 SF of commercial spaces.
FOR SALE DETAILS
PRICE
$1,650,000 USD
PRICE/SF
$129 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
TACOMA OWNER/USER // REDEVELOPMENT
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
ADD'L SUBTYPES
Storefront Retail/Office, Medical, Telecom Hotel/Data Hosting
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1956
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
0.37 AC
LAND SF
16,250 SF
ZONING
DR
APN/PARCEL ID
200612-0040
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206-445-7662
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206-445-7662
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