Listed by Cheryl Farnham, Keller Williams Realty PS
- Commercial Industrial
- Type
- 1970
- Year built
- 7,122 sq ft
- Lot
- 91
- Days on market
About this property
Exceptional opportunity in the heart of University Place! Situated on a highly visible corner along Bridgeport Way, this unique property offers outstanding flexibility for investors, developers, medical or professional office users, and Adult Family Home operators. The 1,824 square foot building sits on a 7,122 square foot lot with mixed-use zoning and features six spacious private rooms, three bathrooms (one full, one ¾, and one half), a kitchen space, dining area, living room area, laundry space, and storage. Whether you're exploring an Adult Family Home, professional office, adaptive reuse, or future mixed-use redevelopment that allows up to a 45 foot building height, this property offers a variety of possibilities (buyer to verify all intended uses and development potential with the City of University Place). The property is ready for its next chapter and offers an excellent opportunity for buyers to renovate and customize the existing structure to suit their vision. Conveniently located near shopping, dining, parks, and major commuter routes, this is a rare opportunity to renovate, repurpose, or redevelop in one of University Place's most desirable corridors.
Location & commute
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Jeff's Neighborhood Guide
Get to know the University Place area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2565495
- Listed
- August 5, 2026
- Days on market
- 91
Parking
- Total spaces
- 8
Construction
- Year built
- 1970
- Style
- 73 - Office
- Structure
- Office
- Roof
- Composition
Heating & cooling
- Heating
- Forced AirWall Furnace
- Cooling
- Window Unit(s)
- Energy source
- Electric
Flooring
- Flooring
- VinylCarpet
Lot
- Lot size
- 7,122 sq ft
Terms
- Terms offered
- CashConventionalRehab Loan
Utilities
- Water
- Tacoma Public Utilities
- Sewer
- Pierce County Sewer
- Power
- Tacoma Public Utilities
What stands out to you?
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- Vinyl
- Carpet
Listing history
Listed
$688,000
August 5, 2026
Derived from current MLS listing fields.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$4,006
- Principal & interest
- $3,479
- Property tax (est.)
- $527
Assumes $137,600 down (20%), a $550,400 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of November 4, 2026 at 11:40 PM PST. 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.