1301 Pacific Ave Tacoma, WA 98402
- Land
- 1.59 lot acres
Current Use by Public Records
- ChargePoint Charging Station / Electric Vehicle Charging Station
Property Details for 1301 Pacific Ave
- Lot size
- 1.59 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.438
- Latitude
- 47.2517
