2156 Pacific AveTacoma, WA 98402

Property Details for 2156 Pacific Ave

Year built

1929

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.45 AC

Property size (Sq ft)

23,400 SF

Zone code

WR

Property type

Office properties

APN

2021040090

APU

2021040090

Description

The Sussman Building, a three-story Class B office building located at 2156 Pacific Ave S in Tacoma, WA 98402, presents a unique investment opportunity. Built in 1929, this 23,400 square foot property is currently entirely vacant, offering a blank canvas for a single tenant or the potential for multiple tenants. The building features a versatile layout, previously configured as office space with classrooms and restrooms, reflecting its adaptability to various business needs. An elevator provides convenient access to all three floors. The property boasts 34 parking spaces, a significant advantage in a bustling urban environment. Zoned WR CONS (Warehouse/Residential District & Conservation District), the building offers flexibility for a range of uses. The building's APN is 2021040090, and it's situated in Pierce County. With its prime location and substantial square footage, the Sussman Building represents a compelling opportunity for businesses seeking a prominent presence in Tacoma's vibrant commercial landscape. The entire 23,400 square feet is available for lease. This historic building offers a blend of character and modern convenience, making it an ideal location for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,332,098

  6.5%

  $5,845,013

  7%

  $5,427,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,275,036

  Geo Method

  $4,506,372

• Alternative Use

  Use

  Valuation

  Residential

  $7,247,816

  Hospitality

  $6,638,961

  Educational

  $5,523,538

  Medical

  $5,713,500

  Retail

  $8,592,169

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2413

Longitude

-122.436

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].