702 BroadwayTacoma, WA 98402
For Sale
$1,995,000
Historic Office, High Growth Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 126
Highlights
- High-growth Tacoma submarket with significant infrastructure improvements supporting multifamily and commercial development.
- Excellent Downtown Tacoma location with easy access to amenities, Link Light Rail, and I-5.
- Significant lease conversion opportunity to increase rents and secure long-term agreements.
- Strong rental upside potential; current average rent is $21.06, market rent is $24-31 NNN.
- Exceptional tenant mix including medical, legal, utility, and financial services.
- Prime location near Link Light Rail, Tacoma Town Center, and other major developments.
Property Details for 702 Broadway
- Property type
- Office properties
- Square Feet
- 15,213 SF
- Class
- B
- Year Built/Renovated
- 1914/1980
- Buildings
- 1
- Stories
- 3
- Units
- 33
Location Insight
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Latitude
- 47.2575366
- Longitude
- -122.4412579
702 Broadway, Tacoma, Washington
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Historic Office, High Growth Potential
- Where is the office property located?
- The property is located at 702 Broadway Tacoma, WA.
- What is the asking price?
- The asking price for this property is $1,995,000.
- What are key features of this property?
- This property features: High-growth Tacoma submarket with significant infrastructure improvements supporting multifamily and commercial development.; Excellent Downtown Tacoma location with easy access to amenities, Link Light Rail, and I-5.; Significant lease conversion opportunity to increase rents and secure long-term agreements.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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