1401 E 32nd Street ETacoma, WA 98404Price: $399,000

Multifamily development opportunity in Tacoma! This 6,500 SF parcel at 1401 E 32nd St is located in the CCX - Community Commercial Mixed Use zone and includes valuable preliminary development work already completed. Seller has obtained a boundary/topographic survey and schematic architectural plans illustrating a 9-unit multifamily concept with 3 residential levels over ground-floor parking and approximately 12,000 SF of residential area. City of Tacoma preliminary engineering plans are also available for proposed improvements to E. 32nd Street. City correspondence indicates the proposed street improvements were designed to address future off-site development requirements for undeveloped parcels. Excellent opportunity for a builder, developer, or investor to advance the existing concept or explore other uses allowed under CCX zoning. Survey, schematic plans, and available City/LID information are available for review. Take advantage of the groundwork already completed and bring your development vision to this Tacoma infill site. Convenient access to major roads, employment centers, services, and surrounding Tacoma amenities adds to the long-term potential of this location. Buyer to verify zoning, density, unit count, utilities, access, LID status/assessment, permitting, tax incentives, financing programs, and all development feasibility with the City of Tacoma and applicable agencies.