502 - 512 112th St S
Tacoma WA 98444
Park Plaza
502 - 512 112th St S Tacoma WA 98444
Listing #: 704083 | Status: Available | Last Modified: 4/23/2026 |
For Sale
- Phone:(253) 921-0887
- Email:mark@betterproperties.com
- Office Name:Better Properties Real Estate
- Office Phone:(253) 589-2680
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,250,000.0
- $/SF$ 111.3
- Listing StatusAvailable
- Days on Market188
- Asset ClassRetail, Specialty
- Terms
- Investment Type
- Investment PropYes
- Gross Income155,705
- Vacancy Factor %5.00%
- Operating Expenses35,878
- Net Operating Income112,041
- CAP Rate 5.16 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF20224
- Net Rentable Area20224
- Total Office SF
- Largest Contiguous SF
- Lot SF52098
- Acres1.2
- Property TypeRetail
- Office Type
- Building Class
- CountyPierce
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaParkland/Midland
- Tax ID #6905004741
- Additional Parcels
- ZoningUCOR
- Year Built1959
- Year Renovated1988
- Completion Date
- Roof Type
- Construction Type
Park Plaza
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 available (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.
