Tacoma Development Site
For Sale
$4,925,000
1201 A Street, Tacoma, WA 98402
Premier development site in Tacoma's Financial District.
Property SizeContact for details
Lot Size0.76 Acres
Days on Market238
Property Features for 1201 A Street
General Information
Standard status
Active
Lot size
0.76 Acres
Property subtype
Land
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
John Bauder, CCIM
(253) 238-0043
Source:
Lee-associates
Added: Jan 27
Changed: Sep 20
Last Checked: Sep 21 at 5:55AM
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
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Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 98402, WA
8,053
Population
4,788
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
6,711
Density / Sq Mi
$54,712
Median Household Income
$43,145
Median Earnings
$1,478
Median Rent
$558,100
Median Home Value
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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.
