1901 Union AveTacoma, WA 98405

Property Details for 1901 Union Ave

Year built

1976

Construction

CONCRETE

Lot size

2.65 AC

Property size (Sq ft)

92,000 SF

Zone code

HM

Property type

Healthcare properties

Property subtype

Medical offices

APN

320076036

APU

320076036

Description

This exceptional medical office building, situated on the Allenmore Hospital campus in Tacoma, Washington, presents a unique investment opportunity. Building B offers a total of 6,649 square feet of recently renovated space, currently entirely vacant and ready for immediate occupancy. The building is comprised of one structure with ample parking, providing a 5.0 spaces per 1,000 square feet ratio. Multiple tenancy options are available, with spaces ranging from a minimum of 1,840 square feet to a maximum contiguous space of 4,809 square feet. This allows for flexibility to accommodate various medical practices or professional businesses. The property is conveniently located at 1901 S Union Ave, Tacoma, WA 98405, in Pierce County, offering easy access for patients and staff. The modern design and recent renovations ensure a comfortable and efficient workspace. This prime location within a thriving medical community provides excellent visibility and accessibility, making it an ideal setting for a variety of healthcare providers. The entire building is available for lease, presenting a rare opportunity to establish a significant presence in a high-demand area. Contact us today to learn more about this exceptional property and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $24,895,426

  6.5%

  $22,980,394

  7%

  $21,338,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,671,084

  Geo Method

  $17,717,360

• Alternative Use

  Use

  Valuation

  Residential

  $28,495,688

  Hospitality

  $26,101,896

  Educational

  $21,716,472

  Medical

  $22,463,334

  Retail

  $33,781,180

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.242

Longitude

-122.479

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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