Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
same uses prohibited in the DCC D istrict are also prohibited in the DMU District. The maximum building height in this district is 100 feet. DR: Downtown Residential The DR D istrict contains a predominance of mid -rise,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
DCC · Tacoma, WAsame uses prohibited in the DCC D istrict are also prohibited in the DMU District. The maximum building height in this district is 100 feet. DR: Downtown Residential The DR D istrict contains a predominance of mid -rise,…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
same uses prohibited in the DCC D istrict are also prohibited in the DMU District. The maximum building height in this district is 100 feet. DR: Downtown Residential The DR D istrict contains a predominance of mid -rise,…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DCC in Tacoma, WA.
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