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2105 Tacoma Ct - Tacoma Town Center Development Site 5.09 Acres of Commercial Land in Tacoma, WA 98402
Investment Highlights
- Located in a Qualified Opportunity Zone (QOZ)
- Four blocks from I-705 / I-5 on-ramp
- Strong projected rent growth averaging more than 5% over the next three years
- Rare site of scale that can be purchased in its entirety or subdivided
Executive Summary
Adjacent to the University of Washington Tacoma campus, the Property offers access to over 5,300 students and staff. Walking distance to Downtown Tacoma, the Property benefits from its proximity to a growing list of excellent restaurants, breweries, bars and shopping options.
An eight-minute walk from Tacoma’s Link Light Rail, the Tacoma Town Center Development site offers connectivity to the Stadium District, Hilltop, Downtown Tacoma and the Tacoma Dome. From the Tacoma Dome, commuters can connect to Seattle via the Sounder Heavy Rail or numerous other locations via bus.
The Property’s convenient location offers easy access to the region’s largest employment centers as well as some of the region’s best outdoor amenities including Wright Park, Point Ruston, and Point Defiance Park, Zoo & Aquarium. With a limited forward development pipeline, an improving demographic base, strong employment and historically tight submarket vacancy, the developer of the Tacoma Town Center Development is poised to benefit from continued outsized rent growth.
An eight-minute walk from Tacoma’s Link Light Rail, the Tacoma Town Center Development site offers connectivity to the Stadium District, Hilltop, Downtown Tacoma and the Tacoma Dome. From the Tacoma Dome, commuters can connect to Seattle via the Sounder Heavy Rail or numerous other locations via bus.
The Property’s convenient location offers easy access to the region’s largest employment centers as well as some of the region’s best outdoor amenities including Wright Park, Point Ruston, and Point Defiance Park, Zoo & Aquarium. With a limited forward development pipeline, an improving demographic base, strong employment and historically tight submarket vacancy, the developer of the Tacoma Town Center Development is poised to benefit from continued outsized rent growth.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.09 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | QOZ - Qualified Opportunity zone | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.09 AC |
| Opportunity Zone |
Yes |
| Zoning | QOZ - Qualified Opportunity zone |
1 Lot Available
Lot
| Lot Size | 5.09 AC |
| Lot Size | 5.09 AC |
CBRE is pleased to offer the opportunity to acquire the Tacoma Town Center Development Site (“the Property”), a unique 5.09-acre development site located in Downtown Tacoma, WA.
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $14,485,927 CAD | Total Assessment | $14,485,927 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$14,485,927 CAD
Improvements Assessment
$0 CAD
Total Assessment
$14,485,927 CAD
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2105 Tacoma Ct - Tacoma Town Center Development Site
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