2302 Union AveTacoma, WA 98405

Property Details for 2302 Union Ave

Year built

1980

Construction

WOOD FRAME

Lot size

1.02 AC

Property size (Sq ft)

14,271 SF

Zone code

CCX

Property type

Healthcare properties

Property subtype

Medical offices

APN

320076013

APU

320076013

Description

This exceptional 1,357 square foot medical office space is located within the Union Avenue Medical Building "C," a single-story, 14,271 square foot Class B building situated on 1.28 acres in Tacoma, Washington. Built in 1983 and renovated in 1996, the property boasts a prime location with convenient access to I-5 and Highway 16, providing easy commutes throughout Pierce and Kitsap Counties, connecting Tacoma, JBLM, and Puyallup. The building is part of a three-building medical, dental, and professional office campus, offering ample shared parking for tenants and visitors. The property is professionally managed and features well-maintained landscaped grounds, reflecting a commitment to a professional and attractive environment. The zoning is CCX-STGPD, and the Pierce County APN is 320076013. This is a single-tenant space within a multi-tenant building, offering a blend of independence and community within a thriving medical environment. The address is 2302 S Union Ave, Tacoma, WA 98405. This space presents a fantastic opportunity for medical or dental professionals seeking a well-established and conveniently located office.

• CAP approach

  CAP return

  Valuation

  6%

  $3,861,768

  6.5%

  $3,564,709

  7%

  $3,310,086

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,826,968

  Geo Method

  $2,748,309

• Alternative Use

  Use

  Valuation

  Residential

  $4,420,238

  Hospitality

  $4,048,915

  Educational

  $3,368,650

  Medical

  $3,484,503

  Retail

  $5,240,122

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2382

Longitude

-122.483

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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