Listing Agency: MLS4owners.com

Listed By: Chris C. Nye · License #13886 Show Phone

Source: Viewhomesinpugetsound

Added: Jul 26 Changed: Oct 1 Last Checked: Oct 14 at 11:47PM

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Investment Insights

Based on property information with market context.

This approximately 1/3-acre commercial land site is zoned WR (Warehouse/Residential), allowing consideration of multifamily, mixed-use, retail, office, live/work, and other permitted uses. The zoning framework allows building heights up to 100 feet, while the property’s location within Tacoma’s Downtown Reduced Parking Area means no minimum off-street parking requirement applies.

The site is a short distance from UW Tacoma and within walking distance of Sound Transit T Line stations. Optional assemblage is available, and qualifying multifamily projects may be eligible for Tacoma’s MFTE property-tax exemption program. Buyers should verify zoning, development capacity, MFTE eligibility, parking, utilities, and other applicable requirements.

Key Highlights

• Approx. 1/3‑acre commercial land site
• WR (Warehouse/Residential) zoning
• Up to 100' building height

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Restaurant Florist Cosmetic Store Veterinary Clinic

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

2,432

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 - WR-zoned land supports multiple permitted development formats, with nearby university and light-rail access.

Where is this commercial land located?

The property is located at 2123 Tacoma Ave S Tacoma, WA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Approx. 1/3‑acre commercial land site; WR (Warehouse/Residential) zoning; Up to 100' building height