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Centrally Located Parking Lot
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921 S I St, Tacoma, WA 98405

Parking lot with development potential near courthouse, jail, and amenities.

Lot Size0.30 Acres
Days on Market821

Property Features for 921 S I St

General Information

Standard status Active
Lot size 0.30 Acres
Property subtype LAND
Listing Agency: Windermere Central Sound
Listed By: Ethan Wing · License #71682
Source: Moodyscre
Added: May 2, 2024 Changed: Jul 6 Last Checked: Jul 22 at 3:38AM

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 Windermere Central Sound

Investment Insights

Based on property information with market context.

This centrally located parking lot presents numerous opportunities. It is zoned RCX, allowing for construction up to 60 feet with no setbacks and a minimum of 75% residential use. The location is near the courthouse and jail, making it suitable for law offices, potentially with a live/work component. Situated two blocks from MLK Way, the property is close to various bars, restaurants, shops, and parks, with ongoing development in the area. The light rail at the corner of MLK and S 11th is three blocks away, providing easy access to downtown. With convenient access to I-5 and Highway 16, the location offers connectivity to the Puget Sound area.

Key Highlights

  • RCX Zoning allows for building up to 60' with no setbacks and a high percentage of residential use.
  • Prime central location near the courthouse and jail, ideal for law offices or live/work spaces.
  • Close proximity (2 blocks) to MLK Way and its ongoing development, offering access to amenities.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Veterinary Clinic Clothing & Fashion Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,558
Businesses Nearby

Demographics for 98405, WA

24,617
Population
11,645
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
6,004
Density / Sq Mi
$80,024
Median Household Income
$51,028
Median Earnings
$1,480
Median Rent
$443,800
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Parking lot with development potential near courthouse, jail, and amenities.
Where is this commercial land located?
The property is located at 921 S I St Tacoma, WA.
What is the asking price?
The asking price for this property is $899,500.
What are key features of this property?
This property features: RCX Zoning allows for building up to 60' with no setbacks and a high percentage of residential use.; Prime central location near the courthouse and jail, ideal for law offices or live/work spaces.; Close proximity (2 blocks) to MLK Way and its ongoing development, offering access to amenities.
(253) 255-6544 Call to check price and availability
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