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1301 Pacific Ave Tacoma, WA 98402

Sponsored
For Sale
$11,412,000

Prime Downtown Tacoma land, huge potential.

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 1.59-1.86 acre commercial land parcel, located at 1301 Pacific Ave in Tacoma, WA 98402, presents a unique development opportunity. Zoned DCC (Downtown Commercial Core) with a 400-foot height limit, the site allows for approximately 480,000 square feet of mixed-use development, encompassing office, retail, hospitality, and/or multifamily uses. The property includes 304 existing parking spaces, including secure underground parking, generating interim income. Extensive pre-development work has already been completed, including construction drawings for a roughly 250,000 square foot office building and massing studies for a potential 665,000 square foot building. The asking price is $11,412,000, with a land value of $165 per square foot. The property's APN is 2013030010; 2013020011; 2013020020. The site's size is approximately 69,165 square feet, expandable to approximately 81,165 square feet with alley vacation, offering nearly two contiguous acres in the heart of Tacoma's Financial District, directly adjacent to freeway access. This presents a developer with a clear path forward, leveraging existing infrastructure and pre-planning to maximize return on investment.

Property Features for 1301 Pacific Ave

General Information

Property type
Land
Lot Size
69,260 SF

HighLights

  • $11,412,000 asking price for ±69,165 SF (1.59 acres), expandable to ±81,165 SF (1.86 acres) with alley vacation.
  • Downtown Commercial Core (DCC) zoning, allowing a 400' height limit.
  • Development potential of approximately 480,000 SF of mixed‑use space (office, retail, hospitality, multifamily).
  • 304 existing parking stalls, including secure underground parking, with interim parking income.
  • Extensive pre‑development work completed, including construction drawings for a ±250,000 SF office building and massing studies for up to a 665,000 SF building.
Property Profile Location Intelligence

Current Use by Public Records

ChargePoint Charging Station Electric Vehicle Charging Station

Suggested Use

Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Tacoma
County
Pierce
State
Washington
Longitude
-122.4377181
Latitude
47.2517181

FAQs

What type of property is this?
Land - Prime Downtown Tacoma land, huge potential.
Where is this land located?
The property is located at 1301 Pacific Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $11,412,000.
What are key features of this property?
This property features: $11,412,000 asking price for ±69,165 SF (1.59 acres), expandable to ±81,165 SF (1.86 acres) with alley vacation.; Downtown Commercial Core (DCC) zoning, allowing a 400' height limit.; Development potential of approximately 480,000 SF of mixed-use space (office, retail, hospitality, multifamily).
More about this property
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