Land For Sale • 5.09 AC
Adjacent to the University of Washington Tacoma campus, the Property offers access to over 5,300 students and staff. Walking distance to Downtown Tacoma, the Property benefits from its proximity to a growing list of excellent restaurants, breweries, bars and shopping options. An eight-minute walk from Tacoma’s Link Light Rail, the Tacoma Town Center Development site offers connectivity to the Stadium District, Hilltop, Downtown Tacoma and the Tacoma Dome. From the Tacoma Dome, commuters can connect to Seattle via the Sounder Heavy Rail or numerous other locations via bus. The Property’s convenient location offers easy access to the region’s largest employment centers as well as some of the region’s best outdoor amenities including Wright Park, Point Ruston, and Point Defiance Park, Zoo & Aquarium. With a limited forward development pipeline, an improving demographic base, strong employment and historically tight submarket vacancy, the developer of the Tacoma Town Center Development is poised to benefit from continued outsized rent growth.
| Located in a Qualified Opportunity Zone (QOZ) |
| Strong projected rent growth averaging more than 5% over the next three years |
| Four blocks from I-705 / I-5 on-ramp |
| Rare site of scale that can be purchased in its entirety or subdivided |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Tacoma Dome Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder), Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 2 min | 15 min | 0.8 mi |
| South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit) | 7 min | - | 4.4 mi |
| Transit/Subway | Drive | Walk | Distance |
| South 25Th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 1 min | 9 min | 0.5 mi |
| Convention Center/South 15Th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 1 min | 11 min | 0.6 mi |
| St Joseph (Tacoma Dome - St Joseph - Sound Transit) | 2 min | 13 min | 0.7 mi |
| Theater District (Tacoma Dome - St Joseph - Sound Transit) | 2 min | 15 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Seattle-Tacoma International | 34 min | - | 21.6 mi |