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    FOR SALE
    Office Spaces

    2156 Pacific Ave, Tacoma, WA 98402

    23,400 SF 0.45 ac lot Built 1929
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US90-0310837
    Property summary
    AI-generated overview

    The Sussman Building, a three-story Class B office building located at 2156 Pacific Ave S in Tacoma, WA 98402, presents a unique investment opportunity. Built in 1929, this 23,400 square foot property is currently entirely vacant, offering a blank canvas for a single tenant or the potential for multiple tenants. The building features a versatile layout, previously configured as office space with classrooms and restrooms, reflecting its adaptability to various business needs. An elevator provides convenient access to all three floors. The property boasts 34 parking spaces, a significant advantage in a bustling urban environment. Zoned WR CONS (Warehouse/Residential District & Conservation District), the building offers flexibility for a range of uses. The building's APN is 2021040090, and it's situated in Pierce County. With its prime location and substantial square footage, the Sussman Building represents a compelling opportunity for businesses seeking a prominent presence in Tacoma's vibrant commercial landscape. The entire 23,400 square feet is available for lease. This historic building offers a blend of character and modern convenience, making it an ideal location for a variety of businesses.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1929
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 23,400 SF
    Lot 0.45 ac (19,800 SF)
    Zoning code WR
    APN 2021040090
    UPID US90-0310837
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bayview Recovery Medical Clinic
    • Angela Frye Physician Medical Clinic
    • Student Financial Aid Services Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.97M
    CAP Approach CAP
    $4.97M
    Comparable Approach Comparable
    $6.97M
    Blend (final) Blend
    $5.11M
    Owner & transaction history
    2156 Sussman Bld LLC · 4 yrs held
    2156 Sussman Bld LLC
    since 2021
    Last sale
    $5.5M
    7 recorded transactions
    2021
    $5.5M
    2005
    2003
    2001
    $2.0M
    1995
    1995
    $670,000
    1991
    $475,000
    Zoning & alternative use
    WR · Tacoma, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $7.8M +1.7%
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    More about this property
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