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3718 Pacific Ave 0.37 Acres of Residential Land Offered at £1,633,214 in Tacoma, WA 98418
INVESTMENT HIGHLIGHTS
- Highly accretive MFTE tax-exemption program
- Abundance of retail and recreational amenities
- Strong demographic profile
- Immediate access to major Pierce County and Puget Sound employers
- Close proximity to regional thoroughfares and transportation
EXECUTIVE SUMMARY
JLL has been exclusively retained for the sale of 3718 Pacific Ave (the “Property” or “Site”), in Tacoma, Washington, just 30 miles south of Seattle.
The site is comprised of approximately 16,014 square feet of permit-ready Community Commercial Mixed-Use (CCX) zoned land. Future tenants will benefit from over 350 restaurants and retail establishments within 1.5 miles of the Property, with excellent proximity to Interstate 5.
Ideally positioned near the region's premier employment centers, the Site benefits from its proximity to the area's dominant economic drivers: Healthcare, Aerospace, and Banking & Insurance. Among Pierce County’s top employers are the MultiCare Health System, Boeing, State Farm Insurance, the Port of Tacoma, and Joint Base Lewis McChord with its 54k full-time employees. The Site is a 3-minute drive to both I-5 north and south on-ramps, offering seamless connectivity to the broader Puget Sound region. With 14% population growth since 2010 and a projected 13% increase in median household income by 2030, the Tacoma submarket has emerged as one of the Pacific Northwest's premier investment markets, offering a compelling combination of economic vitality, relative affordability, and strong fundamentals that have already begun attracting capital seeking alternatives to the higher-priced Seattle market. Investors also benefit from Tacoma's attractive 8-year MFTE program which offers an 8-year tax abatement with no affordability requirement.
The site is comprised of approximately 16,014 square feet of permit-ready Community Commercial Mixed-Use (CCX) zoned land. Future tenants will benefit from over 350 restaurants and retail establishments within 1.5 miles of the Property, with excellent proximity to Interstate 5.
Ideally positioned near the region's premier employment centers, the Site benefits from its proximity to the area's dominant economic drivers: Healthcare, Aerospace, and Banking & Insurance. Among Pierce County’s top employers are the MultiCare Health System, Boeing, State Farm Insurance, the Port of Tacoma, and Joint Base Lewis McChord with its 54k full-time employees. The Site is a 3-minute drive to both I-5 north and south on-ramps, offering seamless connectivity to the broader Puget Sound region. With 14% population growth since 2010 and a projected 13% increase in median household income by 2030, the Tacoma submarket has emerged as one of the Pacific Northwest's premier investment markets, offering a compelling combination of economic vitality, relative affordability, and strong fundamentals that have already begun attracting capital seeking alternatives to the higher-priced Seattle market. Investors also benefit from Tacoma's attractive 8-year MFTE program which offers an 8-year tax abatement with no affordability requirement.
PROPERTY FACTS Under Offer
| Price | £1,633,214 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Plots | 1 | Total Plot Size | 0.37 ac |
| Property Type | Land | ||
| Use Class | TC - Transitional Commercial | ||
| Price | £1,633,214 |
| Sale Type | Investment |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Plot Size | 0.37 ac |
| Use Class | TC - Transitional Commercial |
1 PLOT AVAILABLE
Plot
| Price | £1,633,214 | Total Plot Size | 0.37 ac |
| Price Per ac | £4,414,091.95 |
| Price | £1,633,214 |
| Price Per ac | £4,414,091.95 |
| Total Plot Size | 0.37 ac |
The site is comprised of approximately 16,014 square feet of permit-ready Community Commercial Mixed-Use (CCX) zoned land.
DESCRIPTION
The site is comprised of approximately 16,014 square feet of permit-ready Community Commercial Mixed-Use (CCX) zoned land. Future tenants will benefit from over 350 restaurants and retail establishments within 1.5 miles of the Property, with excellent proximity to Interstate 5.
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Walk Score®
Easily Walkable (78)
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3718 Pacific Ave
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