902 10Th StTacoma, WA 98405

Property Details for 902 10Th St

Year built

1972

Construction

WOOD FRAME

Lot size

0.22 AC

Property size (Sq ft)

7,552 SF

Zone code

R5

Property type

Office properties

Property subtype

Other office properties

APN

2010180011

APU

2010180011

Description

This exceptional 0.15-acre vacant land parcel presents a remarkable investment opportunity in the heart of downtown Tacoma, Washington. Located at 902 S 10th St, 98405, this property is zoned Tacoma-RCX Residential Commercial Mixed-Use, offering unparalleled flexibility for a diverse range of development projects. The site's central location ensures high visibility and accessibility, making it ideal for a variety of uses. Potential projects could include the construction of single-family homes, multi-family residential buildings, or commercial ventures. The property's flat topography simplifies development, minimizing site preparation costs. Given its prime location and flexible zoning, this land is perfectly positioned to capitalize on Tacoma's thriving urban environment. The asking price is $1,000,000. This is a unique chance to acquire a highly desirable piece of land in a rapidly growing area, offering significant potential for substantial returns. The property's 0.15-acre size provides ample space for a variety of development plans, while its central location ensures easy access to local amenities and transportation networks. Don't miss this chance to shape the future of downtown Tacoma.

• CAP approach

  CAP return

  Valuation

  6%

  $2,043,590

  6.5%

  $1,886,391

  7%

  $1,751,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,025,174

  Geo Method

  $1,454,364

• Alternative Use

  Use

  Valuation

  Residential

  $2,339,124

  Hospitality

  $2,142,625

  Educational

  $1,782,639

  Medical

  $1,843,947

  Retail

  $2,772,994

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2531

Longitude

-122.449

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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