Property Details
502 512 112th Street S
Tacoma, WA 98444
$2,250,000
Active
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Property Overview
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.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Pierce
Neighborhood
Parkland
Listed
Oct 11, 2025
Original Price
$2,000,000
Financial Summary
Cap Rate
5.10%
Net Operating Income
$116,077
Gross Scheduled Income
$160,900
Total Expenses
$36,778
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
20,224
Sq Ft Rented
20,224
Zoning
Commercial
Possible Use
Commercial
Lot Size
1.20 acres
Year Built
1959
Exterior & Lot
Lot Size
1.20 sqft
Year Built
1959
Exterior Materials
Cement, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Cement/Concrete, Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.15506, -122.43888
Additional Information
Tax Year
2025
Annual Taxes
$28,037
Possession
Array
Based on information submitted to the MLS GRID as of April 30, 2026 8:15 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
