3906 S 74th St - Office FOR SALE


Tacoma, WA 98409- South Tacoma
$3,750,000 USD
206-584-6195
3906 S 74th St, Tacoma, WA for Sale
$3,750,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

3906 S 74th St
Tacoma, WA 98409
South Tacoma


HIGHLIGHTS

  • STRONG HISTORICAL OCCUPANCY
  • OWNER-USER OR INVESTMENT OPPORTUNITY
  • EXCEPTIONAL PARKING
  • ESSENTIAL SERVICE TENANT BASE
  • FUTURE DEVELOPMENT POTENTIAL

OVERVIEW

THE VARA GROUP 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 owneroccupant’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.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

74th Street Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

169

LAND DETAILS

LAND ACRES

2.53 AC

LAND SF

110,207 SF

ZONING

M1

APN/PARCEL ID

400114-0020,400114-0030

ASK ABOUT THIS PROPERTY

RJ VaraMarcus & MillichapMore Info
206-584-6195

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RJ VaraMarcus & MillichapMore Info
206-584-6195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.