2317 Tacoma Avenue STacoma, WA 98402Price: $649,000

Prime development opportunity in DT Tacoma! 9525SF lot, zoned WR (Warehouse/Residential District, which is a mixed-use zone designed to blend industrial activities with residential housing) 100ft height limit with no on street parking requirements, developers will save tons of time and upfont costs with this lot as extensive preliminary studies have been done including (Geotech and soil testing, traffic studies, parking, utilities and drainage requirements) and more. Additional info can be provided upon buyers request. Plans range from a small to large 10-56 unit walk-up apartment building with studios and 1-2 bedroom layouts with underground parking or potential mixed use project with ground-floor commercial and residential units above with underground parking. Current plans show 5 stories of residential and 2 stories of subterranean parking with views of downtown Tacoma, Mt Rainier and the Cascades. The property is located within an active transit development corridor with multiple large-scale projects underway in the area. Hospitals, schools, nightlife, freeway access, restaurants, employment opportunities make this high demand rental corridor ideal for fast investment stabilization and long term profitability. Buyer to verify all information to satisfaction. Seller is currently allowing the lot to be used for storage purposes and will negotiate to have lot cleared upon agreement with new buyer. Photos of renderings are for conceptual purposes only