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Investment Highlights
- 1.42-Acre Development Site
- Centralized Location in Core Tacoma
- Transit-Oriented Development (T.O.D.) Opportunity
- Market-Leading Modern Design
- Entitled for 376 Units
- Diminishing Supply
Executive Summary
Premier ±61,796 square foot development parcel entitled for an 8-story multifamily project at approximately 1517 Fawcett Avenue. Ideally situated within Tacoma’s vibrant downtown core, the Site sits just two blocks from the Tacoma Convention Center Link Light Rail Station, offering exceptional transit connectivity throughout the city of Tacoma’s employment, education, lifestyle, and retail corridors.
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.42 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | DCC - Downtown Commercial Core | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.42 AC |
| Opportunity Zone |
Yes |
| Zoning | DCC - Downtown Commercial Core |
1 Lot Available
Lot
| Lot Size | 1.42 AC |
| Lot Size | 1.42 AC |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $171,300 | |
| Land Assessment | $6,656,800 | Total Assessment | $6,828,100 |
Property Taxes
Parcel Numbers
Land Assessment
$6,656,800
Improvements Assessment
$171,300
Total Assessment
$6,828,100
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