1201 A StTacoma, WA 98402

For Sale
$4,925,000

Prime 0.75-acre lot, 120 parking spaces

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

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 Details for 1201 A St

Property type
Other land, Land
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Tacoma
County
Pierce
State
Washington
Latitude
47.2521238
Longitude
-122.4363809
1201 A St, Tacoma, Washington

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1201 A St
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