502 512 112th St S St, Tacoma, WA 98444 (MLS # 2444009)

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Listing provided courtesy of Northwest MLS; Better Properties Real Estate

PRICE $2,600,000
SIZE n/a
LOT SIZE 1.20 ac

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 included (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. Cap rate based on commercial building only. Vacant lot valued at $600,000, so affects the total cap rate.

LAST UPDATED 10/24/2025 TRACT Parkland
YEAR BUILT 1959 COMMUNITY Parkland
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Oct 24, '25 $2,000,000
Oct 24, '25 - Today $2,600,000


ADDITIONAL DETAILS
AIR CONDITIONING Yes
AREA 63 - Parkland
CONSTRUCTION Concrete, Wood Siding
HEAT Electric
LOT 1.196 acre(s)
LOT DESCRIPTION Level
MLS STATUS Active
STYLE 61 - Comm Bldg Ovr 10K
SUBDIVISION Parkland
TAXES 33128
UTILITIES Sewer Connected
WATER Public
ZONING Commercial

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 11/29/25 7:49 AM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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