4020 19Th StTacoma, WA 98405

  • Commercial land
  • 0.59 AC
For Sale
$1,150,000 View listing

Property Details for 4020 19Th St

Lot size
0.59 AC
Property type
Commercial land
APN
220121166
APU
220121166

Description

This exceptional 63,993 square foot commercial land parcel, located at 4020 S 19th St in Tacoma, Washington, presents a unique investment opportunity. The property is zoned T (Transitional), allowing for a variety of development options, including office space or townhouses. Its strategic location offers significant potential for future growth and profitability. The property's APN is 022012-1-166 and is situated in Pierce County, WA, 98405. The asking price is $1,150,000. This vacant land provides a blank canvas for developers seeking to capitalize on the area's burgeoning potential. A key advantage is the future proposed light rail line along S 19th St, promising increased accessibility and property value appreciation. Furthermore, the property enjoys close proximity to Allenmore Medical Center and various local amenities, enhancing its appeal and attracting a diverse range of potential tenants or residents. This is a rare chance to acquire a substantial commercial lot in a rapidly developing area of Tacoma. The significant lot size and flexible zoning regulations make this property ideal for a wide range of development projects.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,948,129
    Hospitality
    $7,280,443
    Educational
    $6,057,244
    Medical
    $6,265,561
    Retail
    $9,422,378

Location Insight

City
Tacoma
County
Pierce
State
Washington
Latitude
47.2425
Longitude
-122.491
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,057
$274,300
-
$274,300
-
$274,300
-
$274,300

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