74th Street Plaza — Sale in Tacoma, WA
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: Tacoma, WA 98409
Photos
Description
Marcus & Millichap is pleased to present 74th Street Plaza, a well-established office asset located in the heart of Tacoma. Situated at the corner of South 74th Street and South Madison Street, the property offers exceptional visibility and access, with daily traffic counts exceeding 23,000 vehicles. This 22,291-square-foot building is comprised of 11 suites, including a 6,488-square-foot vacancy ideal for a potential owner-occupant. The property features recent suite renovations, strong in-place tenancy, proximity to a wide range of retail and service amenities and convenient access to I-5. The property generates $145,253 of annual net operating income, greatly offsetting an owner occupant’s debt service. The Offering features an exceptional 7.58/1,000 SF parking ratio, supported by 169 dedicated stalls— enhancing accessibility for both tenants and visitors. The offering also includes a separate 1.1-acre parcel zoned M-1 (Light Industrial), contributing to current parking while representing future development potential in a supply-constrained market. Alternatively, the second parcel could be sold for additional profit. Investment Highlights: • STRONG HISTORICAL OCCUPANCY • OWNER-USER OR INVESTMENT OPPORTUNITY • EXCEPTIONAL PARKING
Market Context
This office in Tacoma, WA is listed for sale. Compare it against other office listings for sale in Tacoma, WA — view the full market.
Contact
- Zack Danner · (503) 200-2036 · zack.danner@marcusmillichap.com
- Mark Hefner · (916) 804-0262 · mark.hefner@marcusmillichap.com
- Raymond Allen · (206) 826-5678 · rallen@ipausa.com
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