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    1201 A Street Ct Tacoma, WA 98402

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    For Sale
    $4,925,000

    Premier development site in Tacoma's Financial District.

    Property size:
    32,837 SF

    Property Features for 1201 A Street Ct

    General Information

    Standard status
    Active
    Size
    32,837 SF

    Source: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Agent JOHN BAUDER, CCIM

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

    Overview

    Tacoma Development Site Opportunity

    This property presents an opportunity to purchase a premier development site in Tacoma. Located in the heart of the Financial District and immediately adjacent to freeway on and off ramps, the 12th A Street parking lot is ideally situated for development. The site consists of one full city block, encompassing approximately 32,837 square feet of land. Additional underground parking is available. Initial studies and drawings indicate the ability to build nearly 275,000 square feet of office, retail, hospitality, and/or multifamily space. The Downtown Commercial Core zoning allows for a height limit of 400 feet. The site also falls within a Qualified Opportunity Zone. Interim parking income and extensive pre-development/due diligence work provides a developer a clear path forward, allowing the construction of a building with uninhibited views.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.43101
    Latitude
    47.198209

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    FAQs

    What type of property is this?
    Commercial land - Premier development site in Tacoma's Financial District.
    Where is this commercial land located?
    The property is located at 1201 A Street Ct Tacoma, WA.
    What is the asking price?
    The asking price for this property is $4,925,000.
    What are key features of this property?
    This property features: - Downtown Commercial Core zoning allows for building up to 400' height.; - Potential to build nearly 275,000 square feet of office, retail, hospitality, and/or multifamily space.; - Located in the heart of the Financial District and adjacent to freeway on/off ramps.
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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
    1201 A Street Ct Tacoma, WA 98402
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