1411-1423 Pacific Ave Tacoma, WA 98402

This exceptional 10-story, Class A building at 1411-1423 Pacific Ave in Tacoma, WA, presents a unique redevelopment opportunity. Currently vacant, this ±110,440 square foot property, built in 1908, offers a compelling canvas for conversion into a lucrative multifamily complex. Preliminary plans indicate the potential for 75 spacious units, incorporating a mix of one, two, and three-bedroom apartments. Adding to its appeal is approximately 7,500 square feet of ground-floor retail space with desirable Pacific Avenue frontage. The building boasts 84 secure parking stalls, a significant advantage in a vibrant urban setting. Existing amenities include a fully equipped gym with locker rooms and showers, modernized elevators, and a state-of-the-art HVAC system. High ceilings, expansive windows offering stunning views of Mount Rainier, Commencement Bay, and the city, and an appealing lobby area contribute to the property's inherent value. Furthermore, the building benefits from fiber internet access, immediate freeway access, and is situated in an amenity-rich neighborhood. A full seismic and fire/life safety retrofit was completed in 2000, ensuring compliance with current safety standards. This is a rare chance to acquire a substantial property with significant upside potential in a thriving Tacoma location. A virtual tour is available online.