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1305 Tacoma Ave S
Tacoma, WA 98402

The Milton W. Ploeger Building · Office Property For Sale

Executive Summary

Lee & Associates is pleased to present the opportunity to purchase 1305 Tacoma Avenue in Tacoma, Washington. The property is competitively priced, and the Seller is reviewing offers as they are received. 1305 Tacoma Ave is conveniently located near transit and downtown amenities while offering suburban-level parking counts. The property is well-positioned for an owner/user to occupy up to 62,905 SF, for a value add buyer to lease the asset at market rates, or for a developer to begin repurposing the unleased portions of the building. Boasting the largest floor plates in Tacoma, six entrances, and secure parking under and adjacent to the building, the building provides unparalleled flexibility. It is presently and has historically been occupied by government tenants, which, up until recently has created a stable tenant base. New government leases are being negotiated for portions of the vacant space.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Office
Building Size
116,340 SF
Building Class
B
Year Built/Renovated
1963/1998
Price
$13,000,000
Price Per SF
$112
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
38,780 SF
Slab To Slab
8’
Building FAR
1.71
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
DR
Parking
530 Spaces (4.56 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 201311-0013
  • 201311-0020
Land Assessment
$5,728,000
Improvements Assessment
$9,594,100
Total Assessment
$15,322,100
  • Listing ID: 31014663

  • Date on Market: 2/21/2024

  • Last Updated:

  • Address: 1305 Tacoma Ave S, Tacoma, WA 98402

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