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TACOMA OWNER/USER // REDEVELOPMENT 622 Tacoma Ave S

12,746 SF 68% Leased Office Building Tacoma, WA 98402 £1,301,850 (£102/SF)

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 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.

Attachments

622 Tacoma Ave S-OwnerUser__OM

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Tenants option to buy property
Property Type
Office
Property Subtype
Office/Residential
Building Size
12,746 SF
Building Class
C
Year Built
1956
Price
£1,301,850
Price Per SF
£102
Percent Leased
68%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,139 SF
Slab to Slab
9 ft
Building FAR
0.78
Land Acres
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

Links

1 of 1
Walk Score ®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
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What is a Walk Score®
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Walk Score® measures the walkability
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measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 200612-0040
  • 200612-0030
 Improvements Assessment £4,576
Land Assessment £1,380,908 Total Assessment £1,385,484

PROPERTY TAXES

Parcel Numbers
Multiple
  • 200612-0040
  • 200612-0030
Land Assessment
£1,380,908
Improvements Assessment
£4,576
Total Assessment
£1,385,484
(206) 445-7662

  • Listing ID: 29728231

  • Date on Market: 06/10/2023

  • Last Updated:

  • Address: 622 Tacoma Ave S, Tacoma, WA 98402

The Office Property at 622 Tacoma Ave S, Tacoma, WA 98402 is currently available For Sale. Contact ORION Commercial Partners for more information.

Office PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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622 Tacoma Ave S, Tacoma, WA for sale Building Photo- Image 1 of 8
622 Tacoma Ave S
622 Tacoma Ave S, Tacoma, WA for sale Building Photo- Image 2 of 8
622 Tacoma Ave S
622 Tacoma Ave S, Tacoma, WA for sale Building Photo- Image 3 of 8
622 Tacoma Ave S
622 Tacoma Ave S, Tacoma, WA for sale Building Photo- Image 4 of 8
622 Tacoma Ave S
622 Tacoma Ave S, Tacoma, WA for sale Building Photo- Image 5 of 8
622 Tacoma Ave S
622 Tacoma Ave S, Tacoma, WA for sale Building Photo- Image 6 of 8
622 Tacoma Ave S
622 Tacoma Ave S, Tacoma, WA for sale Building Photo- Image 7 of 8
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TACOMA OWNER/USER // REDEVELOPMENT | 622 Tacoma Ave S
(206) 445-7662 x

TACOMA OWNER/USER // REDEVELOPMENT | 622 Tacoma Ave S

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Dan Foster

(206) 445-7662

(206) 445-7662

Matthew Hinrichs

(206) 445-7663

(206) 445-7663

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