220 I StTacoma, WA 98405

For Sale
$3,425,000

Prime Tacoma medical district location, 26,000 SF.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use property, encompassing 26,000 square feet on a 0.59-acre lot, presents a unique investment opportunity in Tacoma's thriving medical district. Located at 220 S I St, Tacoma, WA 98405, this building offers convenient access to I-705 and I-5, placing it within a four-minute drive of major freeway access. The property boasts 35 surface parking stalls, supplemented by ample street parking, and benefits from proximity to public transportation, including light rail and city bus stops. Currently housing Cascade Regional Blood Services, a reputable non-profit with an 80-year history, the building's strategic location between Wright Park and MultiCare Tacoma General Hospital ensures strong synergy with the region's healthcare ecosystem. The building itself comprises a 12,554 square foot, two-story structure, built in 1969 and renovated in 1997. Its proximity to MultiCare Tacoma General Hospital, a major medical facility with 437 licensed beds, and the expanding Mary Bridge Children's Hospital, undergoing a significant $300 million upgrade, further enhances its investment potential. The asking price is $3,425,000, translating to $131.73 per square foot. Parcel numbers are 2002180041 and 2002180030. This property offers a compelling blend of location, functionality, and growth potential within a dynamic healthcare market.

Highlights

  • Excellent I-705 & I-5 freeway access, proximate to Wright Park and MultiCare Tacoma General Hospital.
  • 35 surface parking spaces plus ample street parking; convenient public transit access via light rail and bus lines.
  • Strong location for a non-profit with an 80-year history of successful collaborations with area hospitals.
  • High-synergy location near MultiCare Tacoma General Hospital (437 beds, Level II trauma center) and the expanding Mary Bridge Children's Hospital (major $300M expansion underway).

Location Insight

City
Tacoma
County
Pierce
State
Washington
Latitude
47.261164906993
Longitude
-122.45086775473
220 I St, Tacoma, Washington

FAQs

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220 I St
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