1015 A StTacoma, WA 98402

Property Details for 1015 A St

Year built

1910

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

149,224 SF

Zone code

DCC

Property type

Office properties

Property subtype

Other office properties

APN

2010010010

APU

2010010010

Description

The TrueBlue Building, a twelve-story, 173,022 square foot office building located at 1015 A St, Tacoma, WA 98402, is offered for sale at $16,000,000. Built in 1910, this property presents a unique investment opportunity in the heart of Downtown Tacoma's Opportunity Zone. The building's impressive size and prime location offer significant potential for future development. An adjacent parking garage provides 294 parking stalls, a valuable asset for tenants or future residents. The existing office space provides substantial income potential, while the building's zoning allows for a multifamily conversion project, capitalizing on the growing demand for residential units in the vibrant Downtown Tacoma core. The price per square foot is $92.47. This property is situated in Pierce County and offers a compelling blend of established income and exciting redevelopment possibilities. The building's history and location combine to create a rare opportunity for investors seeking a high-impact project in a thriving urban environment. The substantial square footage and ample parking make this a truly exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $40,380,380

  6.5%

  $37,274,200

  7%

  $34,611,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,016,500

  Geo Method

  $28,737,558

• Alternative Use

  Use

  Valuation

  Residential

  $46,220,004

  Hospitality

  $42,337,276

  Educational

  $35,224,116

  Medical

  $36,435,528

  Retail

  $54,793,072

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.254

Longitude

-122.437

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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