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JRJeff ReynoldsCompass · Seattle

Listed by Cheryl Farnham, Keller Williams Realty PS

Commercial Industrial
Type
1970
Year built
7,122 sq ft
Lot
45
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

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2565495
Listed
August 5, 2026
Days on market
45

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?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Office
  • Composition
  • Forced Air
  • Wall Furnace
  • Window Unit(s)
  • Electric
  • Vinyl
  • Carpet
  • Cash
  • Conventional
  • Rehab Loan

Listing history

  1. Listed

    $688,000

    August 5, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

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.

Similar nearby listings

Based on information submitted to the MLS GRID as of September 20, 2026 at 7:15 PM PDT. 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.