4704 Oakes StTacoma, WA 98409

Property Details for 4704 Oakes St

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.08 AC

Property size (Sq ft)

11,866 SF

Zone code

UCX

Property type

Retail properties

Property subtype

Strip malls

APN

320184019

APU

320184019

Description

This exceptional 11,866 square foot single-story retail and medical office building, situated on 1.08 acres at 4704 S Oakes St, Tacoma, WA 98409, presents a unique investment opportunity. Built in 1988, the property boasts six suites, with 2,060 square feet currently vacant. The vacant space, previously a dental office, offers significant potential for redevelopment and customization to suit a variety of retail uses. The building is zoned UCX and benefits from ample parking with 40 spaces available for tenants and customers. Its location in the desirable Tacoma Mall District, directly across from the Tacoma Mall, ensures high visibility and accessibility, attracting a substantial customer base. The property's single-story design and convenient layout enhance functionality and accessibility. This is an ideal opportunity for businesses seeking a well-established location with high foot traffic and strong potential for growth. The property's APN is 032018-4-019. Don't miss this chance to secure a prime retail space in a thriving Tacoma location. The available space is 2,060 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $4,720,124

  6.5%

  $4,357,038

  7%

  $4,045,821

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,018,724

  Geo Method

  $5,758,589

• Alternative Use

  Use

  Valuation

  Residential

  $3,675,324

  Hospitality

  $3,366,577

  Educational

  $2,800,953

  Medical

  $2,897,282

  Retail

  $4,357,038

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2142

Longitude

-122.473

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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