Property Details

605 St Helens Ave

Tacoma, WA 98402

$2,100,000

Available

CBA# 704958 courtesy of CBA Listing firm: Keller Williams West Sound

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Commercial

Property Type

58,980

Bldg Sq Ft

Units

Property Overview

**FULLY PERMITTED Ready for Issue** 80-unit Multifamily Development Site (Download Offering Memorandum for full details)OR……Modify the plans to take full advantage of the Downtown Commercial Core zoning with its 400' Height Limit and no minimum off-street parking requirements – Property within Reduced Parking Area (RPA).605 St Helens Ave is a unique shovel-ready (Permits RFI) demo-free development site with unobstructed Rainier/Commencement Bay/Foss Waterway/City Views combined with convenient transit/freeway access, and proximity to numerous restaurants, cafes, breweries, theaters, and night life all while being tucked away in the safety of North Tacoma’s Stadium and Theater Districts. Project was value engineered to maximize wood framed construction, Avoid Subterranean Parking, Avoid High-Rise Construction Requirements, Minimize the need for Shoring, Designed/Approved based on 2018 Code, Provide the flexibility (though not required) for Commercial Space along with an 8-year Property Tax Exemption with no affordability component ALL while delivering unit designs and amenities that maximize the project's revenue.Whether you are looking to hit the ground running to take advantage of falling interest rates and historic low unit delivery rates OR looking for a Development Site that has minimal constraints with maximum design flexibility 605 St Helens is the perfect site for your next project.