4505 19Th StTacoma, WA 98405

Property Details for 4505 19Th St

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

14.22 AC

Property size (Sq ft)

61,947 SF

Zone code

C2

Property type

Outlet malls

APN

220017001

APU

220017001

Description

This exceptional retail opportunity is situated in a prime Tacoma, WA location at 4505 S 19th St, 98405, within a thriving commercial area anchored by a Fred Meyer grocery store. The property boasts a substantial 143,312 square feet of total building space on a generous 14.21-acre lot. The building is classified as Class B and zoned CD, offering significant potential for a variety of retail uses. The property's multiple tenancy structure presents a unique investment opportunity, allowing for diverse income streams. The Pierce County location, with APN 0220017001, provides easy access to major transportation routes and a dense population base. This street retail property is ideal for businesses seeking high visibility and strong foot traffic. The property's size and location make it an attractive investment for both established businesses and new ventures looking to capitalize on the area's robust retail market. The specific zoning designation (CD) should be verified with Pierce County for permitted uses. Further details regarding individual unit sizes and lease terms are available upon request. This is a rare opportunity to acquire a significant retail presence in a high-demand Tacoma location.

• CAP approach

  CAP return

  Valuation

  6%

  $24,641,626

  6.5%

  $22,746,116

  7%

  $21,121,394

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,862,120

  Geo Method

  $30,062,978

• Alternative Use

  Use

  Valuation

  Residential

  $19,187,200

  Hospitality

  $17,575,372

  Educational

  $14,622,503

  Medical

  $15,125,393

  Retail

  $22,746,116

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2439

Longitude

-122.498

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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