502-512 112th St S - Freestanding FOR SALE


Tacoma, WA 98444- Parkland
$2,600,000 USD
253-921-0887
502-512 112th St S, Tacoma, WA for Sale
$2,600,000 USD
Freestanding - FOR SALE
1/15
null | 4.3% Cap Rate

502-512 112th St S
Tacoma, WA 98444
Parkland


HIGHLIGHTS

  • Corner locations
  • High traffic count

OVERVIEW

Great opportunity to own a 20,000 square foot +/- commercial building in Parkland. First time on the market in over 50 years. A good mix of tenants. Very low vacancy. The adjacent 1/2 acre +/- vacant lot is included (Parcel #031909-2-059). Urban Corridor (UCOR): Maximum density of 60 housing units per acre and generally a maximum height of 55 feet. 76 parking spaces! Buyer to verify all information. Call today for more details. Cap rate based on commercial building only. Vacant lot valued at $600,000, so affects the total cap rate.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

4.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,098 SF

ZONING

UCOR

APN/PARCEL ID

031909-2059,690500-4741

ASK ABOUT THIS PROPERTY

Mark HulenBetter Properties Real EstateMore Info
253-921-0887

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Mark HulenBetter Properties Real EstateMore Info
253-921-0887

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