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    3102 23Rd St Tacoma, WA 98405

    Sponsored
    For Sale
    $2,054,400

    1.97-acre lot, $2.05M, 50 parking spaces

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.97-acre commercial land parcel, located at 3102 S 23rd St in Tacoma, Washington, 98405, presents a unique investment opportunity. Priced at $2,054,400, this property boasts a land value of $24 per square foot. The site is zoned CCX (City of Tacoma), designating it as a Community Commercial Mixed-Use District. This versatile zoning allows for a wide range of development possibilities, including retail, office, medical facilities, multifamily residential, hotels, and senior housing. A significant advantage is the potential for up to 150 additional parking spaces through a reciprocal agreement with an adjacent church. The property currently offers 50 on-site parking spaces. The site features a 60-foot height limit, with potential for increased height through a bonus program. Utilities are readily available on-site. A short plat subdivision is currently underway, streamlining the development process. This prime location in Pierce County offers excellent access and visibility, making it an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a highly desirable and versatile commercial property in a thriving Tacoma neighborhood.

    Property Features for 3102 23Rd St

    General Information

    Property type
    Land
    Lot Size
    85,813 SF

    HighLights

    • CCX Zoning (City of Tacoma)
    • Community Commercial Mixed‑Use zoning
    • Permitted uses include retail, office, medical, multifamily, hotel, and senior housing
    • 60' height limit, with potential bonus height
    • Short plat subdivision underway
    • Utilities available on‑site
    Property Profile Location Intelligence

    Current Use by Public Records

    Young Life Greater ... Non-Profit Organization New Community Church ... Non-Denominational Church New Community Church ... Parking Lot

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply 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
    -122.4770968
    Latitude
    47.2367327

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    FAQs

    What type of property is this?
    Land - 1.97-acre lot, $2.05M, 50 parking spaces
    Where is this land located?
    The property is located at 3102 23Rd St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $2,054,400.
    What are key features of this property?
    This property features: CCX Zoning (City of Tacoma); Community Commercial Mixed-Use zoning; Permitted uses include retail, office, medical, multifamily, hotel, and senior housing
    Request Owner's contact information
    3102 23Rd 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
    3102 23Rd St Tacoma, WA 98405
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