Log In/Sign Up
710 Fawcett Ave
Tacoma, WA 98402
Fawcett Development Site · Land For Sale
·
0.41 AC
Investment Highlights
- Development Site in Downtown Commercial Core: opportunity to create housing in an area with consistently high demand
- Preliminary analysis proposes the development of 125 studio, one-, and two-bed units averaging 605 square feet
- Downtown submarket of North Tacoma has garnered the most attention from developers because it offers access to nightlife, transit, and other amenities
- Five blocks from Old City Hall Light Rail Station, and within 1 mile of the city’s largest employers, including MultiCare and the UoW Tacoma
- Tacoma will continue to favor renting over homeownership with mortgages averaging $1,200 per month more than the average monthly effective rent
- Tacoma is home to the Port of Tacoma, one of the largest ports in the US, and the MSA boasts the third-largest concentration of aerospace jobs in WA
Property Facts
| Property Type | Land | Total Lot Size | 0.41 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Multifamily | ||
| Zoning | DCC - Downtown Commercial Core | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.41 AC |
| No. Stories | 1 |
| Zoning | DCC - Downtown Commercial Core |
Description
0.41 acres of raw land located in Downtown Tacoma, situated in an Opportunity Zone with 125 units proposed.
Property Taxes
| Parcel Numbers | Improvements Assessment | $100 | |
| Land Assessment | $1,491,500 | Total Assessment | $1,491,600 |
Property Taxes
Parcel Numbers
Land Assessment
$1,491,500
Improvements Assessment
$100
Total Assessment
$1,491,600
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
