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    OFF-MARKET
    Industrial land

    502 54th E Ave, Fife, WA 98424-2724

    0.73 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US90-2868313
    Property summary
    AI-generated overview

    This single-tenant medical office building in Fife, WA, offers 6,168 square feet on a 0.89-acre corner lot. Built in 1984 and renovated in 2011, the Class C building boasts a versatile layout ideal for various uses. Currently configured as a medical office, it features a reception area, multiple exam rooms, and an x-ray room, making it turnkey for a similar practice. However, its adaptable design also suits physical therapy, veterinary services, dentistry, a title company, financial services, daycare, or even industrial uses (given the adjacent undeveloped 31,600 square foot yard owned by the landlord). The property enjoys excellent visibility and high traffic counts due to its strategic location in a bustling business and industrial district near the Port of Tacoma, with easy access to SR 509, I-5, and SR 167. Ample parking is available, and the building offers both pole and large building signage opportunities. The property features a new roof and HVAC system. The zoning is Industrial. The APN is 0320011096. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a high-demand location.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 0.73 ac (31,605 SF)
    APN 320011112
    UPID US90-2868313
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Graham Real Ventures LLC · 4 yrs held
    Graham Real Ventures LLC
    since 2022
    4 recorded transactions
    2022
    $2.2M
    2022
    $768,300
    2018
    $385,033
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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