Listing Agency: Kidder Mathews Tacoma

Listed By: Brian Richardson · License #78371 Show Phone

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Sep 2 at 12:47AM

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Investment Insights

Based on property information with market context.

This commercial land parcel is positioned for multifamily development in downtown Tacoma. The property is within a federally designated Opportunity Zone and qualifies for a Multifamily Property Tax Exemption, reduced or no parking requirements, and a height bonus.

The site at 1502 S Yakima Ave benefits from proximity to major employers, freeway access, public transportation, amenities, and entertainment. Its downtown setting brings together multiple surrounding demand drivers while retaining the flexibility of a development-oriented land asset.

Key Highlights

• Commercial land at 1502 S Yakima Ave, Tacoma, WA 98405
• Located in a federally designated Opportunity Zone
• Positioned for multifamily development

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Pet Grooming Service Restaurant Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,177

Businesses Nearby

Explore this area Business Placement

Demographics for 98405, WA

24,617

Population

11,645

Households

2.1

Avg Household Size

37

Median Age

31%

College-Educated

94%

High-School Grad

4.1 sq mi

ZIP Area

6,004

Density / Sq Mi

$80,024

Median Household Income

$51,028

Median Earnings

$1,480

Median Rent

$443,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - Centrally positioned for multifamily development with access to transit, freeways, amenities, and entertainment.

Where is this commercial land located?

The property is located at 1502 S Yakima Ave Tacoma, WA.

What are key features of this property?

This property features: Commercial land at 1502 S Yakima Ave, Tacoma, WA 98405; Located in a federally designated Opportunity Zone; Positioned for multifamily development