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Downtown Office Building
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524 Tacoma Ave S, Tacoma, WA 98402

Downtown office building with prominent Tacoma Avenue frontage and flexible floor division with separate entrances.

Property Size9,263 SF
Price / SF$156.51
Days on Market665

Property Features for 524 Tacoma Ave S

General Information

Standard status Active
Size 9,263 SF
Property subtype OFFICE
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Harrison Laird
Source: Moodyscre
Added: Oct 22, 2024 Changed: Jul 26 Last Checked: Aug 17 at 6:24AM

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 Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

524 Tacoma Avenue is a downtown office building with a traditional law office build-out. The space includes executive office tenant areas on portions of the 2nd and 3rd floors, with existing month-to-month leases in place.

The property offers prominent frontage on Tacoma Avenue and is located less than a quarter mile from the Pierce County Courthouse. The building is described as easily divided by floor, with separate entrances that can support an owner-user occupying floor 2 or 3.

For-sale, the full building is available for an owner-user to occupy, with the current configuration supporting both partial and floor-by-floor use.

Key Highlights

  • Downtown office building with prominent frontage on Tacoma Avenue
  • Built out for traditional law offices
  • Easily divided by floor with separate entrances

Property Analytics

Current Use

Skrinar Law Offices Law Firm Amber N. Austin Law Firm Krilich Laporte West ... Law Firm Becker Franklin Rovang ... Law Firm West Law Firm Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Furniture & Home Goods Veterinary Clinic Mobile Phone Store Fish Market

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

Location Intelligence

Trade Area within ½ mile

6,491
Businesses Nearby

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

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?
Office building - Downtown office building with prominent Tacoma Avenue frontage and flexible floor division with separate entrances.
Where is this office building located?
The property is located at 524 Tacoma Ave S Tacoma, WA.
What is the asking price?
The asking price for this property is $1,449,785.
What are key features of this property?
This property features: Downtown office building with prominent frontage on Tacoma Avenue; Built out for traditional law offices; Easily divided by floor with separate entrances
(253) 238-0044 Call to check price and availability
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