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MultiCare Medical Office Building
For Sale
Contact for pricing
Pending

502 54th St SW, Fife, WA 98424

Long-term medical tenancy near the Tacoma Port and surrounding businesses supports established occupational healthcare use.

Property SizeContact for details
Days on Market143

Property Features for 502 54th St SW

General Information

Standard status Pending
Property subtype Hospitality
Zoning Industrial

Building Details

Tenancy Single
Listing Agency: Better Properties Fairwood
Listed By: Vahan Sagoian · License #WA
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 8:27PM

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 Better Properties Fairwood

Investment Insights

Based on property information with market context.

This medical office property is occupied by MultiCare, a medical healthcare organization serving Pierce County. The tenant has operated at the location for over 20 years and provides occupational medical treatment from the facility.

The property is located at 502 54th St SW in Fife, near the Tacoma Port and surrounding businesses. Its zoning is listed as Industrial, providing the documented land-use designation for the site and a basis for considering future redevelopment if pursued. The property is offered for sale, with the current lease amount subject to renegotiation in 2024.

Key Highlights

  • MultiCare has occupied the property for +20 yrs
  • Medical office facility providing occupational medical treatment
  • Located near the Tacoma Port and surrounding businesses

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Nail Salon Hair Salon Garden Center Real Estate Agency Parking Lot & Garage Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

822
Businesses Nearby
Balanced
Demand for This Use

Demographics for 98424, WA

12,132
Population
4,558
Households
2.7
Avg Household Size
33
Median Age
28%
College-Educated
91%
High-School Grad
6.3 sq mi
ZIP Area
1,926
Density / Sq Mi
$93,633
Median Household Income
$52,250
Median Earnings
$1,836
Median Rent
$497,400
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Long-term medical tenancy near the Tacoma Port and surrounding businesses supports established occupational healthcare use.
Where is this medical office space located?
The property is located at 502 54th St SW Fife, WA.
What are key features of this property?
This property features: MultiCare has occupied the property for +20 yrs; Medical office facility providing occupational medical treatment; Located near the Tacoma Port and surrounding businesses
More about this property
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