Tacoma Development Site
For Sale
Contact for pricing
1201 A Street, Tacoma, WA 98422
Premier development site in Tacoma's Financial District.
Property Size32,837 SF
Lot Size0.75 Acres
Price / SF$149.98
Days on Market1277
Property Features for 1201 A Street
General Information
Standard status
Active
Size
32,837 SF
Lot size
0.75 Acres
Property subtype
LAND
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 238-0043
Listed By:
Harrison Laird
(253) 238-0044
Source:
Moodyscre
Added: Feb 21, 2023
Changed: Aug 17
Last Checked: Aug 20 at 9:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This is an opportunity to purchase a premier development site in Tacoma, known as the 12th & A Street parking lot. Located in the heart of the Financial District and immediately adjacent to freeway on and off ramps, the site is ideally situated for development. The Downtown Commercial Core zoning has a height limit of 400 feet. Initial studies and drawings indicate an ability to build nearly 275,000 square feet of office, retail, hospitality, and/or multifamily space. Interim parking income and extensive pre-development and due diligence work provide a developer a clear path forward. This site also falls within a Qualified Opportunity Zone. The 12th & A Street property comprises one full city block and approximately 32,837 square feet of land with additional underground parking. This provides a developer the ability to construct a building with uninhibited water and mountain views. Additional feasibility studies for a hotel or apartment building have also been conducted.
Key Highlights
- Premier development site in Tacoma's Financial District with Downtown Commercial Core zoning and a 400' height limit.
- Potential to build nearly 275,000 square feet of office, retail, hospitality, and/or multifamily space.
- Located immediately adjacent to freeway on and off ramps.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 98422, WA
21,343
Population
8,321
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
3,049
Density / Sq Mi
$115,989
Median Household Income
$62,514
Median Earnings
$2,104
Median Rent
$614,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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 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: Premier development site in Tacoma's Financial District with Downtown Commercial Core zoning and a 400' height limit.; Potential to build nearly 275,000 square feet of office, retail, hospitality, and/or multifamily space.; Located immediately adjacent to freeway on and off ramps.
