1546 Market St Tacoma, WA 98402

This exceptional 90,400 square foot development site, located at 1546 Market St, Tacoma, WA 98402 (APN 201508-012-1), presents a unique investment opportunity. Priced at $4,995,000 ($54/SF), this land is zoned DCC (Downtown Commercial Core) and comes with building permits already in hand for a mixed-use development. The approved plans encompass 176 residential units and 4,841 square feet of commercial space, making it a truly shovel-ready project. Its proximity to the University of Washington, Tacoma, which serves nearly 5,000 students, ensures a strong rental market. The property is eligible for the Multifamily Tax Exemption (MFTE) program, offering potential tax advantages. Future residents will enjoy luxurious amenities including a fitness center, dog parks, bike storage, a rooftop lounge, and a Zen garden. With a WalkScore of 87, the location boasts excellent walkability to numerous attractions such as the Prairie Line Trail, Tacoma Art Museum, Greater Tacoma Convention Center, and Children's Museum of Tacoma. This is an unparalleled chance to capitalize on Tacoma's thriving real estate market and create a vibrant, amenity-rich community. The property's strategic location and comprehensive permitting make this an exceptional investment opportunity.