1512 Tacoma Ave S, Tacoma, WA 98402
The development site is located at approximately 1512 Tacoma Avenue South lies between the Tacoma neighborhoods of Hilltop and Downtown. It consists of a single tax parcel measuring approximately 6,500/SF. Currently the property is vacant land.
Current zoning would allow a structure up to 90 feet in height and the maximum floor area ratio (FAR) of 6.00 would allow up to 39,000 buildable square feet. There is no density limit or parking requirement for the property.
The site has a Walk Score of 86, Very Walkable. The nearest grocery store is Safeway, approximately a 3 minute drive from the property. Nearby schools include Seabury Middle School and Stadium High School. The University of Washingtons Tacoma Campus is located less than a quarter mile from the property. The property is also mere blocks from the heart of Downtown Tacoma. St Joseph Medical Center is also about a mile from the property along with the new Tacoma Link station expansion scheduled to open in 2021.
Eight properties totaling over 850 units have been built in the nearby vicinity since 2015. An additional four properties within the vicinity, totaling over 600 units, are currently proposed or in some stage of development. Due to all the new development in the area, this site offers a developer the opportunity to acquire a well located property in rapidly growing market of Tacoma.
The development site is located at approximately 1512 Tacoma Avenue South lies between the Tacoma neighborhoods of Hilltop and Downtown. It consists of a single tax parcel measuring approximately 6,500/SF. Currently the property is vacant land.
Current zoning would allow a structure up to 90 feet in height and the maximum floor area ratio (FAR) of 6.00 would allow up to 39,000 buildable square feet. There is no density limit or parking requirement for the property.
The site has a Walk Score of 86, Very Walkable. The nearest grocery store is Safeway, approximately a 3 minute drive from the property. Nearby schools include Seabury Middle School and Stadium High School. The University of Washingtons Tacoma Campus is located less than a quarter mile from the property. The property is also mere blocks from the heart of Downtown Tacoma. St Joseph Medical Center is also about a mile from the property along with the new Tacoma Link station expansion scheduled to open in 2021.
Eight properties totaling over 850 units have been built in the nearby vicinity since 2015. An additional four properties within the vicinity, totaling over 600 units, are currently proposed or in some stage of development. Due to all the new development in the area, this site offers a developer the opportunity to acquire a well located property in rapidly growing market of Tacoma.
