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    2316 G St Tacoma, WA 98405

    For Sale
    $398,000

    Land in downtown Tacoma with plans for 17 units.

    Property size:
    4,860 SF

    Property Features for 2316 G St

    General Information

    Standard status
    Active
    Size
    4,860 SF

    Source: HFO INVESTMENT REAL ESTATE, LLC Agent AARON DOUGLAS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Tacoma Land Opportunity

    This downtown Tacoma land represents a unique opportunity to acquire property in downtown Tacoma, Washington. Existing plans are available for up to 17 units utilizing off-site modular construction and fast stacking, along with the final completion of interior connections and exterior siding and roof. The optional plans call for 1 accessible unit (out of 17) with a parking space. The property size is 4860 square feet. Available documents include a Phase I environmental report, a permanent easement from the Tacoma Housing Authority, and a geotechnical report. A property tax exemption for 8 or 12 years requires the designation of only a small percentage of units as affordable, and City Council approval for a tax exemption is required. Owner financing or a contribution to the land parcel as part of a joint development project is possible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4435681
    Latitude
    47.2403556

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    FAQs

    What type of property is this?
    Commercial land - Land in downtown Tacoma with plans for 17 units.
    Where is this commercial land located?
    The property is located at 2316 G St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: - Downtown Tacoma land acquisition opportunity.; - Existing plans for up to 17 units using modular construction.; - Potential for owner financing or joint development.
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    2316 G St Tacoma, WA 98405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2316 G St Tacoma, WA 98405
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