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    1305 Pacific Ave Tacoma, WA 98402

    For Sale
    $11,412,000

    69,165 SF development site in Tacoma's Financial District.

    Property size:
    69,165 SF

    Property Features for 1305 Pacific Ave

    General Information

    Standard status
    Active
    Size
    69,165 SF

    Building Details

    Year built
    1973

    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 Premier Development Site

    This is an opportunity to purchase a premier development site in Tacoma, known as the Super Block. Located in the heart of the Financial District and immediately adjacent to freeway on and offramps, the site is ideally situated for development. The Downtown Commercial Core zoning has a height limit of 400 feet. Initial studies and drawings indicate the ability to build nearly 1 million square feet of office, retail, hospitality, and multifamily space between the two properties. Interim parking income and extensive pre-development and due diligence work provide a developer a clear path forward. The site also falls within a Qualified Opportunity Zone. The Super Block consists of 69,165 square feet of land with additional underground parking, providing a developer the ability to control a full city block in Downtown Tacoma.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Republic Parking Parking Lot Benjamin Mun Business To Business Service Paul Balogun Business To Business Service Abby Morton Business To Business Service Brooke Trotter Business To Business Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4376535
    Latitude
    47.2508759

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    FAQs

    What type of property is this?
    Commercial land - 69,165 SF development site in Tacoma's Financial District.
    Where is this commercial land located?
    The property is located at 1305 Pacific Ave Tacoma, WA.
    What is the asking price?
    The asking price for this property is $11,412,000.
    What are key features of this property?
    This property features: - Premier development site in Tacoma's Financial District.; - Downtown Commercial Core zoning allows for building up to 400' height.; - Potential to build nearly 1M square feet of office, retail, hospitality, and multifamily space.
    Request Owner's contact information
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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
    1305 Pacific Ave Tacoma, WA 98402
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