Tacoma Land for Sale - Univ. Place/Lakewood
Positioned at the intersection of 96th St S and Steele St S in Tacoma’s Parkland neighborhood, 2222 96th St S presents a compelling redevelopment opportunity with existing income. Spanning 3.4 acres and comprising nine buildings totaling 9,086 square feet, the site is zoned MUD (Mixed Use District), offering a wide array of permitted uses including multifamily, senior housing, mobile home park, office, retail, and automotive services.
Currently generating over $239,000 in monthly income from 21 residential units, the property provides immediate cash flow while offering long-term upside through redevelopment. A preliminary site plan outlines a 799-unit self-storage facility with RV canopy and covered loading, showcasing the site’s flexibility for commercial adaptation. Alternatively, the parcel supports multifamily or townhome development, with conceptual plans for 48 units already explored.
The location benefits from strong traffic counts—over 22,000 vehicles daily—and proximity to major regional assets. Joint Base Lewis-McChord is just 12 minutes away, while Lakewood, the Port of Tacoma, and SeaTac Airport are all within a 30-minute drive. The surrounding area includes major retail centers such as Tacoma Mall, Lakewood Towne Center, and South Hill Mall, enhancing the site’s appeal for residential or commercial tenants.
Demographics within a 5-mile radius reflect a growing population exceeding 260,000, with projected average household incomes reaching $121,000 by 2030. This upward trend supports both residential and commercial investment strategies.
