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13th & Pacific Ave - Tacoma Super Block

1.59 Acres of Commercial Land Offered at £9,004,068 in Tacoma, WA 98402

Executive Summary

Lee & Associates is pleased to present the opportunity to purchase Tacoma’s premier development site, the Super Block. Located in the heart of the Financial District and immediately adjacent to freeway on and off ramps, the site is ideally situated for a new development. Initial studies and drawings indicate an ability to build over 480,000 square feet of office, retail, hospitality, and/and multifamily to a height limit of 400’ on the existing ±69,165 SF lot, with additional underground parking. A developer would have the ability to vacate the alley between the two blocks, providing approximately 12,000 SF of additional land, and almost 2 contiguous acres in total. Extensive pre-development work has been completed including construction drawings for a ±250,000 office building, and multiple massing studies depicting up to a 665,000 SF office building with underground parking and retail. The Super Block currently has approximately 304 parking stalls, including secure underground parking.
Interim parking income and extensive pre-development/due diligence work provides a developer a clear path forward.
This site also falls within a Qualified Opportunity Zone.

Property Facts

Price £9,004,068
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Multifamily
  • Hospitality
Total Lot Size 1.59 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price £9,004,068
Price Per AC £5,662,936
Lot Size 1.59 AC

Description

The Super Block is currently operating as a parking lot with approximately 304 parking stalls in place. Approximately 201 stalls are above grade and approximately 103 stalls are below grade on the West side of the property, providing a high parking stall count for the land area. With recent positive absorption in the office market, parking demand is increasing. This site is centrally located to several office buildings that rely on it for parking.

Walk Score ®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 032004-2034
  • 201302-0020
  • 201302-0011
  • 201303-0010
Land Assessment
£10,172,419
Improvements Assessment
£114,721
Total Assessment
£10,287,139

zoning

Zoning Code DCC
DCC
  • Listing ID: 25579758

  • Date on Market: 28/04/2022

  • Last Updated:

  • Address: 13th & Pacific Ave, Tacoma, WA 98402

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