Bought with Windermere Professional Prtnrs
$1,400,000
$1,500,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
1512 -1520 Yakima AVE S Tacoma, WA 98405
0.41 Acres Lot
Key Details
Sold Price $1,400,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Hilltop
MLS Listing ID 2137698
Sold Date 09/29/23
Style 40 - Res-Less thn 1 Ac
Lot Size 0.413 Acres
Lot Dimensions 150' frontage on Yakima Ave x 120'
Property Description
Five contiguous parcels in mixed-use RCX zoning, ready for your vision! Power, water, sewer, and gas utilities are already present on site. Zoning allows for up to 60 feet of building height. 150 feet of frontage on Yakima Ave. Rear alley access. Potential for mountain, city, and water views. According to the City of Tacoma planning department, over 100 units could potentially be built on this property, and Yakima Ave location reduces parking requirements (buyer to verify). Multifamily housing tax credit means NO property taxes on any residential improvements for 8-20 years, depending on builder preference. Further potential tax savings with Opportunity Zone location.
Location
State WA
County Pierce
Area 29 - Central Tacoma
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Available, Electricity Connected
Waterfront No
View Y/N Yes
View Bay, City, Mountain(s), See Remarks, Territorial
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer On Property
Water On Property
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Owner Financing, See Remarks
Listing Terms Cash Out, Conventional, Owner Financing, See Remarks
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157