Rare Downtown Tacoma development opportunity! Approx. 1/3-acre site zoned WR (Warehouse/Residential), offering flexible potential for multifamily, mixed-use, retail, office, live/work and other permitted uses. Up to 100' building height and no minimum off-street parking requirement within Tacoma's Downtown Reduced Parking Area create excellent development efficiency. Just blocks from UW Tacoma and within walking distance of Sound Transit T Line stations, the site is well positioned for transit-oriented development. Qualifying multifamily projects may also be eligible for Tacoma's MFTE property-tax exemption program. Flexible zoning, strong transit access, proximity to UW Tacoma, and optional assemblage make this an exceptional investment or development opportunity. Buyer to verify zoning, development capacity, MFTE eligibility, parking, utilities and all other requirements.
Active
Listed by: MLS4owners.com • Chris C. Nye
$695,000
2123 Tacoma Avenue S, Tacoma, WA 98402
--beds
--baths
0.36Acres
Unimproved Land
Built in ----
0.36 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 5 days
- 43
- 4
Zillow last checked:
Listing updated:
Listed by:
Chris C. Nye,
MLS4owners.com
Source: NWMLS as distributed by MLS GRID,MLS#: 2575393
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: City, Mountain(s), Territorial
Lot
- Size: 0.36 Acres
- Dimensions: 119' x 131'
- Features: Brush, Corners Flagged, Lightly Treed, Partially Cleared
Details
- Parcel number: 2021110134
- Zoning description: Commercial,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: Available
- Gas: Available
- Sewer: Available
- Water: Available, Jurisdiction: City of Tacoma
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: New Tacoma
Location
- Region: Tacoma
Financial & listing details
- Annual tax amount: $7,968
- Date on market: 8/27/2026
- Cumulative days on market: 7 days
- Listing terms: Lease Purchase
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Listed for sale | $695,000 |
Source:  NWMLS as distributed by MLS GRID #2575393 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: New Tacoma
Nearby schools
Schools provided by the listing agent
- Elementary: Stanley
- Middle: Hilltop Heritage Middle
- High: Foss
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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