Two-Story Office Building in
For Lease
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622 Tacoma Ave S, Tacoma, WA 98402
Two-story office building with mixed-use development potential.
Space Size1,372 SF
Lot Size0.22 Acres
Days on Market570
Property Features for 622 Tacoma Ave S
General Information
Standard status
Active
Size
1,372 SF
Lot size
0.22 Acres
Property subtype
OFFICE
Lease Type
NNN
Spaces For Lease
at 622 Tacoma Ave S
Suite 4/5
$12.68/SF/Yr
Floor
2
Size
1,372 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Great space for Courthouse service industry (Attorney, etc.) Shared restrooms in hallway
Contact us
Listing Agency:
ORION Commercial Partners, LLC
(206) 734-4100
Listed By:
Dan Foster · License #24312
(425) 260-4260
Source:
Moodyscre
Added: Mar 17, 2025
Changed: Oct 6
Last Checked: Oct 5 at 8:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ORION Commercial Partners, LLC
Investment Insights
Based on property information with market context.
The property features an 8,277 square foot, two-story office building suitable for an owner-occupied company or for lease to the market. The ground floor offers a single 4,200 square foot space. The upper floor is divided into five spaces, ranging from 534 to 1,372 square feet. Currently, three of these suites are leased month-to-month to two tenants. One tenant is interested in expanding within the building. The entire 4,077 square foot second floor, or portions thereof, could be occupied by a single company. Spaces could be combined, or current tenants leveraged to optimize real estate returns. Initial planning has been conducted by Johnston Architects for a vertical mixed-use development, primarily apartments. These plans envision a seven-story project containing 79,122 gross square feet, including 46,140 square feet of residential space and 1,653 square feet of commercial space.
Key Highlights
- 8,277 SF two‑story office building ideal for owner occupancy or leasing.
- Explore the potential for vertical mixed‑use development with preliminary plans for a 7‑story project.
- The ground floor boasts a spacious 4,200 SF area.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
6,491
Businesses Nearby
Explore this area
Business Placement
Demographics for 98402, WA
8,053
Population
4,788
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
6,711
Density / Sq Mi
$54,712
Median Household Income
$43,145
Median Earnings
$1,478
Median Rent
$558,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Tacoma, WA
$24.2 /SF/Yr
Avg Asking Price
$16–$30 /SF/Yr
Price Range
15,719 SF
Avg Space Size
This space is priced 48% below the average of $24.2 /SF/Yr.
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with mixed-use development potential.
Where is this office building located?
The property is located at 622 Tacoma Ave S Tacoma, WA.
What is the lease rate?
The lease rate is $12.68 SF/Yr.
What are key features of this property?
This property features: 8,277 SF two‑story office building ideal for owner occupancy or leasing.; Explore the potential for vertical mixed‑use development with preliminary plans for a 7‑story project.; The ground floor boasts a spacious 4,200 SF area.
