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    1201 A St Tacoma, WA 98402

    For Sale
    $4,925,000

    Prime 0.75-acre lot, 120 parking spaces

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.75-acre commercial land parcel, located at 1201 A Street in Tacoma, Washington's vibrant downtown core (zip code 98402), presents a unique development opportunity. Zoned DCC (Downtown Commercial Core), this property boasts a substantial 32,837 square feet of land, offering unparalleled potential for high-density construction. The asking price is $4,925,000, translating to a land value of $150 per square foot. The site's strategic location in the Financial District provides breathtaking waterfront and mountain views. Existing infrastructure includes 120 parking spaces, a significant advantage for any future development. Preliminary feasibility studies have explored various development options, including a 275,000 square foot office building, as well as hotel and apartment building possibilities. The property's size and location make it an ideal candidate for a large-scale project, capitalizing on Tacoma's thriving downtown area. The Assessor's Parcel Number (APN) is 0320042034. This is a rare opportunity to acquire a prime development site in a rapidly growing urban center.

    Property Features for 1201 A St

    General Information

    Property type
    Land
    Lot Size
    32,670 SF

    HighLights

    • 0.75‑acre commercial land parcel in Tacoma, WA's downtown core (98402).
    • 32,837 square feet of land zoned DCC (Downtown Commercial Core).
    • $4,925,000 asking price, $150/SF land value.
    • Prime Financial District location with waterfront and mountain views.
    • Existing infrastructure includes 120 parking spaces.
    • Feasibility studies show potential for large‑scale development (e.g., 275,000 SF office building).
    Property Profile Location Intelligence

    Current Use by Public Records

    Wells Fargo Plaza Parking Lot

    Suggested Use

    Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Daycare Center Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4363809
    Latitude
    47.2521238

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    FAQs

    What type of property is this?
    Land - Prime 0.75-acre lot, 120 parking spaces
    Where is this land located?
    The property is located at 1201 A St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $4,925,000.
    What are key features of this property?
    This property features: 0.75-acre commercial land parcel in Tacoma, WA's downtown core (98402).; 32,837 square feet of land zoned DCC (Downtown Commercial Core).; $4,925,000 asking price, $150/SF land value.
    Request Owner's contact information
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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
    1201 A St Tacoma, WA 98402
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