1301 Pacific Ave Tacoma, WA 98402
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Prime Downtown Tacoma land, huge potential.
Property Features for 1301 Pacific Ave
General Information
- Property type
- Land
- Lot Size
- 69,260 SF
Listing Agency: Lee & Associates Commercial Real Estate Services – Pacific Northwest Listing Agent: John Bauder
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
ChargePoint Charging Station
Electric Vehicle Charging Station
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.4377181
- Latitude
- 47.2517181
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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).
