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74th Street Plaza 3906 S 74th St 22,291 SF 71% Leased Office Building Tacoma, WA 98409 $4,900,574 CAD ($219.85 CAD/SF)
Investment Highlights
- STRONG HISTORICAL OCCUPANCY
- EXCEPTIONAL PARKING
- FUTURE DEVELOPMENT POTENTIAL
- OWNER-USER OR INVESTMENT OPPORTUNITY
- ESSENTIAL SERVICE TENANT BASE
Executive Summary
Marcus & Millichap is pleased to present 74th Street Plaza, a well-established office asset located in the heart of Tacoma. Situated at the corner of South 74th Street and South Madison Street, the property offers exceptional visibility and access, with daily traffic counts exceeding 23,000 vehicles.
This 22,291-square-foot building is comprised of 11 suites, including a 6,488-square-foot vacancy ideal for a potential owner-occupant. The property features recent suite renovations, strong in-place tenancy, proximity to a wide range of retail and service amenities and convenient access to I-5. The property generates $168,787 of annual
net operating income, greatly offsetting an owner occupant’s debt service.
The Offering features an exceptional 7.58/1,000 SF parking ratio, supported by 169 dedicated stalls— enhancing accessibility for both tenants and visitors. The offering also includes a separate 1.1-acre parcel zoned M-1 (Light Industrial), contributing to current parking while representing future development potential in a supply-constrained market. Alternatively, the second parcel could be sold for additional profit. For more information, please visit: https://www.marcusmillichap.com/properties/179415/deal-room/9fc467d784dee210
This 22,291-square-foot building is comprised of 11 suites, including a 6,488-square-foot vacancy ideal for a potential owner-occupant. The property features recent suite renovations, strong in-place tenancy, proximity to a wide range of retail and service amenities and convenient access to I-5. The property generates $168,787 of annual
net operating income, greatly offsetting an owner occupant’s debt service.
The Offering features an exceptional 7.58/1,000 SF parking ratio, supported by 169 dedicated stalls— enhancing accessibility for both tenants and visitors. The offering also includes a separate 1.1-acre parcel zoned M-1 (Light Industrial), contributing to current parking while representing future development potential in a supply-constrained market. Alternatively, the second parcel could be sold for additional profit. For more information, please visit: https://www.marcusmillichap.com/properties/179415/deal-room/9fc467d784dee210
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
22,291 SF
Building Class
B
Year Built/Renovated
1995/2008
Price
$4,900,574 CAD
Price Per SF
$219.85 CAD
Percent Leased
71%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,146 SF
Building FAR
0.20
Lot Size
2.53 AC
Zoning
M1
Parking
169 Spaces (7.58 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Food Service
- Signage
- Central Heating
- Fully Carpeted
- Partitioned Offices
- Reception
- Wi-Fi
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
6,488-square-foot vacancy ideal for a potential owner-occupant or tenant.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 204 | 6,488 SF | Office | - | Now |
2nd Fl-Ste 204
| Size |
| 6,488 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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Map
2nd Fl-Ste 204
| Size | 6,488 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
6,488-square-foot vacancy ideal for a potential owner-occupant or tenant.
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,291,824 CAD | |
| Land Assessment | $2,951,859 CAD | Total Assessment | $5,243,683 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,951,859 CAD
Improvements Assessment
$2,291,824 CAD
Total Assessment
$5,243,683 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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74th Street Plaza | 3906 S 74th St
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