Property Details

Opportunity to purchase one of Tacoma’s premier development sites, the 12th & A Street parking lot. Located in the heart of the Financial District and immediately adjacent to freeway on and off ramps, the site is ideally situated for development. The Downtown Commercial Core zoning has a height limit of 400’; initial studies and drawings indicate an ability to build nearly 275,000 square feet of office, retail, hospitality, and/or multifamily. Interim parking income and extensive pre-development/due diligence work provides a developer a clear path forward. This site also falls within a Qualified Opportunity Zone.The 12th & A Street property, one full city block and ±32,837 SF of land with additional underground parking, provides a developer the ability to construct a building with uninhibited water and mountain views. Additional feasibility studies for a hotel/apartment building have also been conducted.