74th Street Plaza | Tacoma, WA
THE VARA GROUP is pleased to present 74th Street Plaza, a well-established office and retail asset located in the heart of Tacoma, WA. Positioned at the signalized intersection of South 74th Street and South Madison Street, the property benefits from excellent visibility and access with traffic counts exceeding 23,000 vehicles per day.
The 22,291 SF building comprises 11 suites, including a 6,488 SF vacancy ideal for an owner-user. With recent renovations, strong in-place tenants, and close proximity to retail, services, and I-5, the plaza is both stable and versatile. The property produces $145,253 in annual net operating income, significantly offsetting occupancy costs for an owner-user.
Highlights include an exceptional 7.58/1,000 SF parking ratio with 169 dedicated stalls and a 1.1-acre M-1 zoned parcel, currently supporting parking and offering future development potential in Tacoma’s supply-constrained market.
Property Overview
- Address: 3906 S 74th St, Tacoma, WA 98409
- Rentable Building Area: 22,291 SF
- Price Per Square Foot: $168.23
- Available Square Footage: 6,488 SF
- Land Area: 110,015 SF
Investment Highlights
- Strong Historical Occupancy
- Owner-User or Investment Opportunity
- Exceptional Parking
- Essential Service Tenant Base
- Future Development Potential
- Excellent Location