Listed by Chris C. Nye, MLS4owners.com
- Land
- Type
- 15,625 sq ft
- Lot
- 0
- Days on market
About this property
Rare Downtown Tacoma development opportunity! Approx. 1/3-acre site zoned WR (Warehouse/Residential), offering flexible potential for multifamily, mixed-use, retail, office, live/work and other permitted uses. Up to 100' building height and no minimum off-street parking requirement within Tacoma's Downtown Reduced Parking Area create excellent development efficiency. Just blocks from UW Tacoma and within walking distance of Sound Transit T Line stations, the site is well positioned for transit-oriented development. Qualifying multifamily projects may also be eligible for Tacoma's MFTE property-tax exemption program. Flexible zoning, strong transit access, proximity to UW Tacoma, and optional assemblage make this an exceptional investment or development opportunity. Buyer to verify zoning, development capacity, MFTE eligibility, parking, utilities and all other requirements.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2575393
- Listed
- August 28, 2026
- Days on market
- 0
Unit & building
- Building
- Smith & Dentons Add
Views
- View
- CityMountainsTerritorial
Construction
- Style
- 42 - Multi-Family
- Structure
- None
Lot
- Lot size
- 15,625 sq ft
Terms
- Terms offered
- CashLease Purchase
Utilities
- Utilities
- Electricity AvailableNatural Gas Available
- Water
- Available
- Sewer
- Available
Schools
- District
- Tacoma
- Elementary
- Stanley
- Middle
- Hilltop Heritage Middle
- High
- Foss
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- City
- Mountains
- Territorial
- None
- Cash
- Lease Purchase
- Electricity Available
- Natural Gas Available
- Available
Listing history
Listed
$695,000
August 28, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$4,047
- Principal & interest
- $3,514
- Property tax (est.)
- $533
Assumes $139,000 down (20%), a $556,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of August 28, 2026 at 11:15 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.