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TACOMA OWNER/USER // REDEVELOPMENT 622 Tacoma Ave S 8,277 sq ft 51% Let Office Property Tacoma, WA 98402 £1,084,644 (£131.04/sq ft)
INVESTMENT HIGHLIGHTS
- Office building with strong potential to create strong cash flows indefinitely.
- Initial planning for a 7-story vertical mixed-use development: 79,122 GSF; 46,140 SF Residential + 1,653 SF Commercial Spaces
- The building can be half-occupied by owner-user ASAP, and 100% occupied by mid-2025, or be leased out to market.
- Anchored by UW Tacoma campus and centrally located in fast growing area.
EXECUTIVE SUMMARY
The building can be half-occupied by owner-user ASAP, and 100% occupied with 135-day notice.
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Sale Conditions
Property Type
Office
Property Subtype
Property Size
8,277 sq ft
Costar Property Class
C
Year Built
1956
Price
£1,084,644
Price per sq ft
£131.04
Occupancy Rate
51%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,139 sq ft
Floor To Floor Height
9 ft
Plot ratio
0.51
Total Plot Size
0.37 ac
Use Class
DR - DR: Downtown Residential District
Parking
24 Spaces (2.9 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Signage
- Balcony
1 1
Walk Score®
Excellent pedestrian access (95)
PROPERTY TAXES
| Parcel Number | 200612-0040 | Improvements Assessment | £748 |
| Land Assessment | £785,506 | Total Assessment | £786,254 |
PROPERTY TAXES
Parcel Number
200612-0040
Land Assessment
£785,506
Improvements Assessment
£748
Total Assessment
£786,254
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TACOMA OWNER/USER // REDEVELOPMENT | 622 Tacoma Ave S
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