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253-691-8561
Terrafin Real Estate
5436 S Puget Sound Avenue, Tacoma, WA 98409
- $888,000
Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com
- List Price
- $888,000
- Status
- ACTIVE
- MLS#
- 2599414
- Subtype
- Land
- Style
- 42 - Multi-Family
- Lot Size
- 24,750
- Acres
- 0.57
- Subdivision
- South Tacoma
- Neighborhood
- South Tacoma
- MLS Area Major
- South Tacoma
Property Description
Shovel-ready 48-unit multifamily development site in the heart of the South Tacoma Business District. Offered at $888,000, or $18,500 per planned unit, the 0.568-acre site is in an Opportunity Zone and comes with architectural plans and Multifamily Tax Exemption (MFTE) approval. Across from the public library and near neighborhood restaurants, shops and transit. Convenient access to Sounder commuter rail at South Tacoma Station and shopping and dining at Tacoma Mall. Pedestrian, bicycle and transit access improvements around the station are targeted for completion by 2030.
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Additional Information
- Property Description
- 42 - Multi-Family
- School District
- Tacoma
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.