Downtown Tacoma Development
For Sale
$2,400,000
402 Tacoma Ave S, Tacoma, WA 98402
Corner parcel near light rail station, ideal for residential development.
Property SizeContact for details
Days on Market348
Property Features for 402 Tacoma Ave S
General Information
Standard status
Active
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 238-0043
Listed By:
John Bauder, CCIM
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Jul 6
Last Checked: Jul 30 at 7:16AM
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 Lee & Associates Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The property at 402 Tacoma Ave S is an 18,840 square foot corner parcel zoned Downtown Residential. This zoning allows for development up to 90 feet, with a potential Floor Area Ratio (FAR) of up to 6.0 with Transfer of Development Rights (TDR). The site is located a few blocks from the South 4th Street Light Rail Station. It is well-positioned for a residential or mixed-use project. The location is surrounded by cultural institutions, the University of Washington Tacoma campus, and major medical employers, offering walkability, strong connectivity, and future view potential toward the water.
Key Highlights
- High‑density development potential: Zoned Downtown Residential allowing development up to 90 feet, with potential FAR up to 6.0 with TDR.
- Prime location: Corner parcel just a few blocks from the S 4th Street Light Rail Station.
- Ideal for residential or mixed‑use project.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,719
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 - Corner parcel near light rail station, ideal for residential development.
Where is this commercial land located?
The property is located at 402 Tacoma Ave S Tacoma, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: High‑density development potential: Zoned Downtown Residential allowing development up to 90 feet, with potential FAR up to 6.0 with TDR.; Prime location: Corner parcel just a few blocks from the S 4th Street Light Rail Station.; Ideal for residential or mixed‑use project.
