3718 Pacific Ave - Residential LAND FOR SALE


Tacoma, WA 98418- South End16,117 SF
$2,200,000 USD
503-265-5088
3718 Pacific Ave, Tacoma, WA for Sale
$2,200,000 USD
Residential LAND - FOR SALE
1/5
16,117 SF

3718 Pacific Ave
Tacoma, WA 98418
South End


HIGHLIGHTS

  • Highly accretive MFTE tax-exemption program
  • Immediate access to major Pierce County and Puget Sound employers
  • Abundance of retail and recreational amenities
  • Close proximity to regional thoroughfares and transportation
  • Strong demographic profile

OVERVIEW

JLL has been exclusively retained for the sale of 3718 Pacific Ave (the “Property” or “Site”), in Tacoma, Washington, just 30 miles south of Seattle. The site is comprised of approximately 16,014 square feet of permit-ready Community Commercial Mixed-Use (CCX) zoned land. Future tenants will benefit from over 350 restaurants and retail establishments within 1.5 miles of the Property, with excellent proximity to Interstate 5. Ideally positioned near the region's premier employment centers, the Site benefits from its proximity to the area's dominant economic drivers: Healthcare, Aerospace, and Banking & Insurance. Among Pierce County’s top employers are the MultiCare Health System, Boeing, State Farm Insurance, the Port of Tacoma, and Joint Base Lewis McChord with its 54k full-time employees. The Site is a 3-minute drive to both I-5 north and south on-ramps, offering seamless connectivity to the broader Puget Sound region. With 14% population growth since 2010 and a projected 13% increase in median household income by 2030, the Tacoma submarket has emerged as one of the Pacific Northwest's premier investment markets, offering a compelling combination of economic vitality, relative affordability, and strong fundamentals that have already begun attracting capital seeking alternatives to the higher-priced Seattle market. Investors also benefit from Tacoma's attractive 8-year MFTE program which offers an 8-year tax abatement with no affordability requirement.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/ACRE

$5,946,020/AC

PRICE/SF

$137 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior

LAND ACRES

0.37 AC

LAND SF

16,117 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

TC

APN/PARCEL ID

747002-3541

ASK ABOUT THIS PROPERTY

503-265-5088

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503-265-5088

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