Back to Search

Tacoma Premier Development Site

1305 Pacific, Tacoma, WA 98402

View on Map

For Sale

Contact for pricing

Development site in the heart of the Financial District.

Type:LAND

Property size:

69,165 SF

Lot size:

1.59 Acres

Price / SF:

$164/SF

HighLights

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.
Located in a Qualified Opportunity Zone.
Extensive pre‑development work completed, including construction drawings and massing studies.
Interim parking income from approximately 300 parking stalls, including secure underground parking.

We can help!

Listing Contact

John Bauder, CCIM

For Sale

Contact for pricing

Development site in the heart of the Financial District.

Type:LAND

Property size:

69,165 SF

Lot size:

1.59 Acres

Price / SF:

$164/SF

Added:: Apr 8, 2022
Days on Market:: 1538
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

We can help!

Listing Contact

John Bauder, CCIM

Listing agent John Bauder, CCIM

Listing office Lee & Associates Commercial Real Estate Services

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

HighLights

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.
Located in a Qualified Opportunity Zone.
Extensive pre‑development work completed, including construction drawings and massing studies.
Interim parking income from approximately 300 parking stalls, including secure underground parking.

Overview

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.

Property Profile 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

Suggested Use

Location Insight

Map
Local Demand

City: Tacoma
County: Pierce
State: Washington
Longitude: -122.438
Latitude: 47.2509

Nearby Similar for Sale

$1,799,000

Mixed-Use Multifamily Investment Opportunity

Value-add mixed-use multifamily property with income and upside potential.

9618 Pacific Avenue, Tacoma, WA 98444

View Details
$3,399,000

Multifamily Opportunity in Tacoma

Value-add multifamily property with renovation and income growth potential.

7603 Pacific Avenue, Tacoma, WA 98408

View Details
$2,885,000

8,640 SF

Tacoma Warehouse with Secured Yard

Warehouse with secured yard, close to major highways and port.

10324 Portland Ave E, Tacoma, WA 98445

View Details
$2,625,000

12,000 SF

Downtown Tacoma Investment Property

Fully leased 12,000 SF building in downtown Tacoma for sale.

102 Puyallup Avenue, Tacoma, WA 98421

View Details
$1,450,000

25,500 SF

Tacoma Redevelopment Opportunity

25,500 SF building on 9,184 SF site in downtown Tacoma.

919 Market Street, Tacoma, WA 98402

View Details
$2,625,000

12,000 SF

Tacoma Investment Property For Sale

Fully leased 12,000 SF building in downtown Tacoma.

102 Puyallup Avenue, Tacoma, WA 98421

View Details
$2,200,000

8,820 SF

Downtown Tacoma Owner-User Opportunity

Prime office building in vibrant Tacoma near popular attractions.

2306 A St, Tacoma, WA 98402

View Details
$2,995,000

8,742 SF

Historic Office Mansion with Penthouse

Landmark office property with executive suites and a top-floor penthouse apartment in Tacoma’s downtown core.

401 Broadway, Tacoma, WA 98402

View Details
$2,100,000

4,128 SF

Tacoma Industrial Property with Yard

Industrial property with secure yard and renovated office space.

816 99th Street E, Tacoma, WA 98445

View Details
$3,539,000

9,424 SF

Tacoma Retail Center For Sale

9,424 SF retail center in Tacoma, WA for sale.

11401 Steele Street South, Tacoma, WA, 98444

View Details
$1,350,000

36,000 SF

Industrial Property with Outdoor Storage

Industrial property featuring outdoor storage, office, and garage/warehouse space.

7517 Portland Ave E, Tacoma, WA 98404

View Details
$550,000

2,924 SF

Three-Unit Office Building

Well-maintained three-unit office building with a newly installed 30-year roof and long-term occupancy in Tacoma.

820-820 S 6th Ave, Tacoma, WA 98405

View Details

For sale
Commercial land
WA
Tacoma
98402
1305 Pacific

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.

1305 Pacific, Tacoma, WA 98402

Development site in the heart of the Financial District.

Property Features for 1305 Pacific

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Multifamily Investment Opportunity

Multifamily Opportunity in Tacoma

Tacoma Warehouse with Secured Yard

Downtown Tacoma Investment Property

Tacoma Redevelopment Opportunity

Tacoma Investment Property For Sale

Downtown Tacoma Owner-User Opportunity

Historic Office Mansion with Penthouse

Tacoma Industrial Property with Yard

Tacoma Retail Center For Sale

Industrial Property with Outdoor Storage

Three-Unit Office Building

FAQs

Create New Password