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Listed by Real Estate 2000 Inc.
$1,190,000
Est. payment /mo
0.29 Acres Lot
Active
126 15th ST SE Puyallup, WA 98372
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Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Puyallup
MLS Listing ID 2351777
Style 73 - Office
Year Built 1994
Annual Tax Amount $8,998
Lot Size 0.294 Acres
Lot Dimensions 80 X 158
Property Sub-Type Commercial Industrial
Property Description
Prime Puyallup commercial property offers a compelling investment opportunity. The 3,680 square ft, two-story building, strategically located off Main Street, features a versatile layout including 8+ offices, 4 conference rooms, and ample open space, allowing for potential value-add development. Currently occupied by medical business, property boasts cap rate of 7.5%, providing immediate/stable cash flow. 21 parking spaces enhance the tenant appeal, while the Office Class C zoning offers flexibility for future tenant diversification and/or redevelopment. Investors should note may be room for a 2nd tenant (office space or ?) to increase yield Current lease thru Oct 2028, Don't miss this income-generating asset in a great market & location!
Location
State WA
County Pierce
Area 83 - Puyallup
Interior
Interior Features Laminate
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Roof Type Metal,Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.