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Land For Sale • 0.41 AC
0.41 acres of raw land located in Downtown Tacoma, situated in an Opportunity Zone with 125 units proposed.
| Development Site in Downtown Commercial Core: opportunity to create housing in an area with consistently high demand |
| Five blocks from Old City Hall Light Rail Station, and within 1 mile of the city’s largest employers, including MultiCare and the UoW Tacoma |
| Preliminary analysis proposes the development of 125 studio, one-, and two-bed units averaging 605 square feet |
| Tacoma will continue to favor renting over homeownership with mortgages averaging $1,200 per month more than the average monthly effective rent |
| Downtown submarket of North Tacoma has garnered the most attention from developers because it offers access to nightlife, transit, and other amenities |
| Tacoma is home to the Port of Tacoma, one of the largest ports in the US, and the MSA boasts the third-largest concentration of aerospace jobs in WA |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Tacoma Dome Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder), Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 4 min | - | 1.9 mi |
| South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit) | 9 min | - | 5.7 mi |
| Transit/Subway | Drive | Walk | Distance |
| Old City Hall (Tacoma Dome - St Joseph - Sound Transit) | 1 min | 4 min | 0.2 mi |
| Theater District/South 9Th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 1 min | 6 min | 0.3 mi |
| S 4Th (Tacoma Dome - St Joseph - Sound Transit) | 1 min | 7 min | 0.4 mi |
| 6Th Ave (Tacoma Dome - St Joseph - Sound Transit) | 1 min | 9 min | 0.5 mi |
| Commerce Street Station (Tacoma Dome - Commerce St. - Sound Transit, Tacoma Dome - St Joseph - Sound Transit) | 1 min | 9 min | 0.5 mi |
| Airport | Drive | Walk | Distance |
| Seattle-Tacoma International | 36 min | - | 22.6 mi |
Brandon Lawler
Berkadia
Brandon Lawler
Berkadia
