Transit-Oriented Commercial
New
For Sale
$695,000
2123 Tacoma Ave S, Tacoma, WA 98402
WR-zoned land supports multiple permitted development formats, with nearby university and light-rail access.
Property SizeContact for details
Days on Market2
Property Features for 2123 Tacoma Ave S
General Information
Standard status
Active
Property subtype
Multi-Family
Listing Agency:
Compass
(360) 918-6497
Listed By:
Chris Murphy · License #111144
(360) 918-6497
Source:
Pugetsoundrealestate
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 2:43PM
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 Compass
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.
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
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
Questions? Ask Rey
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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
