1530 Union AveTacoma, WA 98405

Property Details for 1530 Union Ave

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.04 AC

Property size (Sq ft)

20,460 SF

Zone code

T

Property type

Healthcare properties

Property subtype

Medical offices

APN

220014162

APU

220014162

Description

This well-maintained, two-story Class B medical office building, located at 1530 S Union Ave in Tacoma, WA 98405, offers a fantastic leasing opportunity. The building, constructed in 1986 and renovated in 1995, boasts a total of 20,440 square feet, with 1,400 square feet currently available for lease. The property sits on a 1.47-acre lot and is zoned T. The building features ample parking with 4.5 spaces available. Ideal for medical or dental practices, this multi-tenant building provides a convenient and established location in Pierce County. The available space presents a chance to establish or expand a practice in a thriving area. The building's history of consistent occupancy speaks to its desirability and strong location. This is a rare opportunity to secure space in a well-established medical building with convenient access and ample parking. The 1,400 square feet of vacant space is ready for immediate occupancy. Don't miss this chance to secure your practice's future in this desirable Tacoma location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,536,526

  6.5%

  $5,110,640

  7%

  $4,745,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,486,634

  Geo Method

  $3,940,187

• Alternative Use

  Use

  Valuation

  Residential

  $6,337,193

  Hospitality

  $5,804,835

  Educational

  $4,829,554

  Medical

  $4,995,650

  Retail

  $7,512,640

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2459

Longitude

-122.484

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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