1305 Pacific Tacoma, WA 98402
Call to check price and availability
Development site in the heart of the Financial District.
Type:LAND
Property size:
69,165 SFLot size:
1.59 AcresPrice / SF:
$164/SF- Added:
- Apr 8, 2022
- Days on Market:
- 1484
- Last Refresh:
- Apr 5 at 8:41 pm
Property Features for 1305 Pacific
General Information
- Standard status
- Active
- Size
- 69,165 SF
- Lot size
- 1.59 Acres
- Property subtype
- LAND
Listing agent John Bauder, CCIM (253) 820-5822
Listing office Lee & Associates Commercial Real Estate Services (253) 820-5822
Listing date Apr 8, 2022
Source Moodyscre
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
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 suitable for development. The Downtown Commercial Core zoning allows for a height limit of 400 feet. Initial studies and drawings suggest the potential to construct nearly 1 million square feet of office, retail, hospitality, and multifamily space between two properties. Interim parking income and pre-development and due diligence work provide a clear path forward for a developer. The site is located within a Qualified Opportunity Zone.
The Super Block encompasses 69,165 square feet of land with additional underground parking, offering a developer control of a full city block in Downtown Tacoma. A developer could potentially vacate the alley between the two parcels, adding approximately 12,000 square feet of land, resulting in almost 2 contiguous acres in total. Extensive pre-development work has been completed, including construction drawings for a 250,000 square foot office building and massing studies depicting up to a 665,000 square foot office building with underground parking and retail. The Super Block currently accommodates approximately 300 parking stalls, including secure underground parking.
The Super Block encompasses 69,165 square feet of land with additional underground parking, offering a developer control of a full city block in Downtown Tacoma. A developer could potentially vacate the alley between the two parcels, adding approximately 12,000 square feet of land, resulting in almost 2 contiguous acres in total. Extensive pre-development work has been completed, including construction drawings for a 250,000 square foot office building and massing studies depicting up to a 665,000 square foot office building with underground parking and retail. The Super Block currently accommodates approximately 300 parking stalls, including secure underground parking.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Republic Parking
Parking Lot & Garage
Benjamin Mun
Business To Business Service
Paul Balogun
Business To Business Service
Abby Morton
Business To Business Service
Brooke Trotter
Business To Business Service
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.438
- Latitude
- 47.2509
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Development site in the heart of the Financial District.
Where is this commercial land located?
The property is located at 1305 Pacific 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 with Downtown Commercial Core zoning and a 400' height limit.; Potential to build nearly 1M square feet of office, retail, hospitality, and multifamily space.; 69,165 SF of land with additional underground parking, offering control of a full city block.
