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Robert Laing

robert.laing@engelvoelkers.com +1(206) 552-0599

Listed by Better Properties Real Estate Mark Hulen

$ 2,600,000

Est. payment -/mo

Save

Active

502 512 112th St S Tacoma, WA 98444

1.2 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Parkland

MLS Listing ID 2444009

Style 61 - Comm Bldg Ovr 10K

Year Built 1959

Annual Tax Amount $33,128

Lot Size 1.196 Acres

Property Sub-Type Commercial Industrial

Property Description

Great opportunity to own a 20,000 square foot +/- commercial building in Parkland. First time on the market in over 50 years. A good mix of tenants. Very low vacancy. The adjacent 1/2 acre +/- vacant lot is included (Parcel #031909-2-059). Urban Corridor (UCOR): Maximum density of 60 housing units per acre and generally a maximum height of 55 feet. 76 parking spaces! Buyer to verify all information. Call today for more details. Cap rate based on commercial building only. Vacant lot valued at $600,000, so affects the total cap rate.

Location

State WA

County Pierce

Area 63 - Parkland

Interior

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Wood Products

Roof Type Flat

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash Out

Listing Terms Cash Out

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

8

Chester H Thompson Elementary School

Public | PK - 6
6

Helen B. Stafford Elementary School

Public | PK - 5
5

Brookdale Elementary School

Public | PK - 5
5

James Sales Elementary School

Public | KG - 5
5

Midland Elementary School

Public | KG - 5
5

Fern Hill

Public | PK - 5
5

Harvard Elementary School

Public | KG - 5
4

Boze

Public | PK - 5
2

Birney

Public | PK - 5
1

Elmhurst Elementary School

Public | KG - 5
1

Christensen Elementary School

Public | PK - 5
1

Larchmont

Public | PK - 5
1

Arlington

Public | PK - 5
0

Imagination School

Private | PK - 6
0

St Mary's Academy

Private | KG - 8
0

Parkland Lutheran Church & School

Private | PK - 8
0

Trinity Lutheran Preschool & Childcare

Private | PK - KG
0

Faith Lutheran School

Private | PK - 8
0

Oakwood Elementary School

Public | PK - 5
0

Puget Sound Christian School

Private | PK - 5

Middle Schools 5

5

Morris Ford Middle School

Public | 6 - 8
4

Spanaway Middle School

Public | 6 - 9
3

Perry G Keithley Middle School

Public | 6 - 8
3

Baker

Public | 6 - 8
0

Gates Secondary School

Public | 8 - 12

High Schools 4

5

Franklin Pierce High School

Public | 9 - 12
4

Washington High School

Public | 9 - 12
0

Gates Open Doors Program

Public | 9 - 12
0

Mount Rainier Lutheran High School

Private | 9 - 12

School and business data provided by Attom Data.

Julie Fontanez

Real Estate Advisor

+1(206) 651-5770