1102 Pacific AveTacoma, WA 98402

Property Details for 1102 Pacific Ave

Year built

1919

Construction

STEEL FRAME

Lot size

0.21 AC

Property size (Sq ft)

7,176 SF

Zone code

DCC

Property type

Office properties

APN

2011040010

APU

2011040010

Description

This exceptional 29,874 square foot commercial property at 1102 Pacific Avenue in Tacoma, Washington, presents a unique investment opportunity. The building, a blend of architectural styles reflecting its construction dates (1919, 1962, and renovated in 1976), offers a flexible layout suitable for both office and retail uses. Currently vacant, this five-story structure sits on a 9,000 square foot lot and boasts a coveted Downtown Commercial Core (DCC) zoning designation. The property's rich history is complemented by its modern potential, making it ideal for redevelopment or adaptive reuse. Located in Opportunity Zone #60601, this investment offers significant tax advantages. The building's impressive size and central location provide ample space for a variety of commercial ventures. Note that parking is not included on-site. However, the property benefits from an exceptional Walk Score of 96 ("Walker's Paradise") and a Bike Score of 64 ("Bikeable"), reflecting its convenient access to public transportation and amenities. The Parcel ID is 2011040010. The sale price is undisclosed. A short-term leaseback may be considered. This is a truly remarkable opportunity to acquire a substantial commercial property in a thriving downtown Tacoma location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,200,760

  6.5%

  $2,031,470

  7%

  $1,886,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,924,340

  Geo Method

  $1,381,950

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,870,570

  Retail / Commercial

  $2,010,050

  Mixed-Use / Specialty

  $2,022,770

  Hospitality / Lodging

  $1,509,930

  Institutional / Educational

  $2,109,970

  Residential Income

  $2,468,670

  Multifamily

  $2,850,530

  Automotive / Energy

  $1,808,550

  Parking / Income-Based Land

  $604,458

  Restaurant / Food Service

  $1,094,500

  Healthcare / Senior Housing

  $2,053,920

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2531

Longitude

-122.439

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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