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    2520 41St St Tacoma, WA 98409

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    For Sale
    $6,020,000

    187,067 SF land for 172+ unit multifamily development.

    Property Features for 2520 41St St

    General Information

    Standard status
    Active

    Source: NWC - KV LLC Agent TREVOR KOVICH

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

    Overview

    Multifamily Site Adjacent to Tacoma Mall

    This 187,067 square foot site is suitable for a 172+ unit garden-style multifamily development. Located directly adjacent to the Tacoma Mall, the property benefits from its prime location. The Tacoma Mall is currently undergoing a significant redevelopment to become a premier shopping and dining destination. The site is zoned UCX STGPD by the City of Tacoma, with a minimum density of 40 dwelling units per acre and no maximum density. There is no mandatory affordability requirement and no development impact fees. MFTE (Multifamily Tax Exemption) is available. An additional contiguous 0.73 acres of land is also available for purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4708908
    Latitude
    47.2198373

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    FAQs

    What type of property is this?
    Commercial land - 187,067 SF land for 172+ unit multifamily development.
    Where is this commercial land located?
    The property is located at 2520 41St St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $6,020,000.
    What are key features of this property?
    This property features: - Prime location directly adjacent to Tacoma Mall, undergoing significant redevelopment.; - City of Tacoma UCX STGPD Zoning with minimum density of 40 du/ac and no maximum density.; - 187,067 SF land size suitable for 172+ unit garden-style multifamily development.
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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
    2520 41St St Tacoma, WA 98409
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