1114 Pacific AveTacoma, WA 98402

Property Details for 1114 Pacific Ave

Year built

1931

Construction

CONCRETE

Lot size

0.23 AC

Property size (Sq ft)

72,210 SF

Zone code

DCC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

2011040020

APU

2011040020

Description

This exceptional 12,300 square foot executive office space, situated at 1114 Pacific Avenue in the heart of downtown Tacoma, Washington, presents a unique opportunity. Located on the ground floor, this Class B building boasts 50 feet of prime Pacific Avenue frontage between 11th and 12th Streets, ensuring high visibility and accessibility. Built in 1960, the 87,936 square foot building offers a multiple tenancy structure. Currently, 12,300 square feet are available for lease, ideal for a business seeking a prominent location with significant street presence. The property's location in Pierce County, with a 98402 zip code, provides easy access to major transportation routes and amenities. This space is perfect for a retail showroom, office, or shop, offering a blend of high visibility and functional space. The property's size and location make it an attractive option for businesses seeking a substantial footprint in a thriving downtown area. Don't miss this chance to secure a prime location in Tacoma's vibrant business district.

• CAP approach

  CAP return

  Valuation

  6%

  $28,724,100

  6.5%

  $26,514,554

  7%

  $24,620,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,797,580

  Geo Method

  $35,043,628

• Alternative Use

  Use

  Valuation

  Residential

  $22,366,018

  Hospitality

  $20,487,152

  Educational

  $17,045,070

  Medical

  $17,631,276

  Retail

  $26,514,554

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2528

Longitude

-122.439

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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