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    711 Pacific Ave Tacoma, WA 98402

    For Sale
    $1,875,000

    Prime Tacoma location, 10,343 SF, 6 parking spaces

    Property size:
    10,343 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional executive office building, located at 711, 715 & 717 Pacific Ave in the heart of downtown Tacoma, WA, presents a rare ownership opportunity. The property, encompassing 10,343 square feet across two stories, sits on a 0.14-acre lot and boasts 6 parking spaces. Originally built in 1918 and extensively renovated in 2016, this Class C building offers 7,720 square feet of net rentable space, priced at $181.28 per square foot, with an asking price of $1,875,000. The property is zoned DC - Downtown Commercial Core, providing flexibility for various uses. Its prime location offers excellent visibility and accessibility, with proximity to public transportation including the Metro Bus Line and Link Light Rail just one block away. The building features masonry construction and benefits from its location in an Opportunity Zone. Access is available from both Pacific Avenue and a convenient court. This is an ideal owner-user opportunity in a thriving downtown market. The property's combined first and second floors offer a unique and versatile space. The APN is 2007030050.

    Property Features for 711 Pacific Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,343 SF
    Class
    C
    Lot Size
    6,098 SF

    Building Details

    Year Built/Renovated
    1918/2016
    Buildings
    1
    Stories
    2

    HighLights

    • 10,343 SF building on a 0.14‑acre lot.
    • 1918 construction, renovated in 2016, two‑story building.
    • Downtown Commercial Core (DC) zoning.
    • Masonry construction.
    • Located in an Opportunity Zone.
    • Six parking stalls.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cosmopolitan Engineering Group Engineering Consultant CloudSway Inc Financial Planner

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4388658
    Latitude
    47.2568638

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Tacoma location, 10,343 SF, 6 parking spaces
    Where is this office property / space located?
    The property is located at 711 Pacific Ave Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: 10,343 SF building on a 0.14-acre lot.; 1918 construction, renovated in 2016, two-story building.; Downtown Commercial Core (DC) zoning.
    Request Owner's contact information
    711 Pacific Ave Tacoma, WA 98402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    711 Pacific Ave Tacoma, WA 98402
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