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12th & A St - 12 & A S Street Water View Development Site 0.75 Acres of Commercial Land Offered at $4,925,000 in Tacoma, WA 98402
Executive Summary
The 12th & A Street property, one full city block and ±32,837 SF of land with additional underground parking, provides a developer the ability to construct a building with uninhibited water and mountain views. Additional feasibility studies for a hotel/apartment building have also been conducted.
Property Facts
| Price | $4,925,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.75 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | DCC | ||
| Price | $4,925,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.75 AC |
| Opportunity Zone |
Yes |
| Zoning | DCC |
1 Lot Available
Lot
| Price | $4,925,000 | Lot Size | 0.75 AC |
| Price Per AC | $6,533,277.26 |
| Price | $4,925,000 |
| Price Per AC | $6,533,277.26 |
| Lot Size | 0.75 AC |
Description
The property at 12th & A Street includes two surface parking lots plus additional underground parking stalls. The site provides existing parking revenue with the ability to capture unrivaled views of the Foss Waterway and Mt. Rainier with a new development. An easement runs along the east side of the site allowing for ingress and egress to the underground parking for the office building located at 1301 A Street. A reciprocal easement on the north side of the 1301 A Street parcel provides the 12th & A Street property with access to the surface parking adjacent to 1301 A Street. A variety of uses have been envisioned for the site. Massing studies for office uses depicted an office building of 275,000+ SF. Feasibility studies have also been conducted for hospitality and apartment uses.
Property Taxes
| Parcel Number | 032004-2034 | Improvements Assessment | $0 |
| Land Assessment | $5,033,200 | Total Assessment | $5,033,200 |
Property Taxes
Contacts
-
Harrison Laird -
John Bauder CCIM -
Lee & Associates Commercial Real Estate Services
Presented by
12th & A St - 12 & A S Street Water View Development Site
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