1137 Fawcett AveTacoma, WA 98402

Property Details for 1137 Fawcett Ave

Lot size

0.14 AC

Zone code

DCC

Property type

Commercial land

APN

2011090100

APU

2011090100

Description

This exceptional 6,000 square foot vacant commercial land parcel is ideally situated at 1137 Fawcett Ave, Tacoma, WA 98402, in the heart of the city's downtown core. The property boasts frontage on both Fawcett Avenue and Court D, providing excellent visibility and accessibility. Zoned DCC, this location allows for building heights up to 400 feet, opening up a multitude of development possibilities, including commercial and residential uses. The site is strategically positioned near the University of Washington Tacoma campus and the vibrant downtown area, benefiting from the strong population growth and increased demand projected for the region. According to Downtown Tacoma's Regional Growth Center projections, the area is poised for significant expansion, accommodating 76,200 new residents and 67,900 new jobs by 2040. Currently, over 2,000 housing units have already been constructed within a 1.5-mile radius, with an additional 2,150 units currently under construction. This property is listed at its 2023 appraised value of $510,000 and presents a compelling investment opportunity in a rapidly growing urban center. The Pierce County Assessor's Parcel Number (APN) is 201109-0100. This is a rare chance to acquire a significant land holding in a thriving downtown Tacoma location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,858,414

  Hospitality

  $1,702,298

  Educational

  $1,416,292

  Medical

  $1,465,000

  Retail

  $2,203,120

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2516

Longitude

-122.442

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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