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    221 Puyallup Ave Tacoma, WA 98421

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    For Sale
    $2,135,000

    Land in Tacoma's Downtown Mixed-Use area, development potential.

    Property size:
    11,326 SF

    Property Features for 221 Puyallup Ave

    General Information

    Standard status
    Active
    Size
    11,326 SF

    Building Details

    Year built
    1910

    Source: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Agent ZACHARY OTA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tacoma Land with Development Potential

    This property is located in the Downtown Mixed Use (DMU) zone of Tacoma, Washington. The zoning allows for building heights up to 100 feet, potentially offering unobstructed views of the Thea Foss Waterway. The allowable density permits the construction of up to 61 units on the property. The site is situated blocks away from the Tacoma Dome and offers convenient access to downtown Tacoma and nearby freeways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Dental Office Building Supply Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4315045
    Latitude
    47.240741

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    FAQs

    What type of property is this?
    Commercial land - Land in Tacoma's Downtown Mixed-Use area, development potential.
    Where is this commercial land located?
    The property is located at 221 Puyallup Ave Tacoma, WA.
    What is the asking price?
    The asking price for this property is $2,135,000.
    What are key features of this property?
    This property features: - DMU zoning allows for a 100 ft building with unobstructed views of Thea Foss Waterway.; - Zoning allows for a high-density development of up to 61 units.; - Located in Tacoma Downtown.
    Request Owner's contact information
    221 Puyallup Ave Tacoma, WA 98421
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    Tacoma, WA 98421
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Puyallup Ave Tacoma, WA 98421
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