Prime Tacoma UR-3 Transit-Oriented Development Opportunity. Rare opportunity to acquire 2 contiguous parcels totaling approximately 21,000 sq ft in Tacoma’s desirable UR-3 Transit-Oriented Development (TOD) zone. Ideally positioned along a major transit and commercial corridor, this site offers exceptional redevelopment potential w/preliminary density estimates of approximately 28 base units & the possibility of up to 72 units through bonus density programs, subject to City approval, site feasibility, MFTE eligibility, parking, stormwater, fire access & other development standards. The property consists of 2 tax lots (15,000 sq ft & 6,000 sq ft) & may be suitable for apartments, condos, townhomes, mixed-use projects, multiplexes & other residential uses allowed under current zoning. Located adjacent to public transit & across from commercial services, restaurants, shopping & daily conveniences, the site offers a highly walkable lifestyle. Future residents may enjoy easy access to transportation, employment centers, retail & dining without relying heavily on personal vehicles. A single-family residence occupies the rear portion of the property & may be remodeled or removed depending on the buyer’s intended use. Value is primarily in the land & its significant development potential. Property addresses: 1219 E 72nd St & 1229 E 72nd St, Tacoma. Outstanding opportunity for developers & investors seeking strong density potential in a growing transit-served location.
| MLS # | 2536502 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 89 |
| Listing Provided By | RE/MAX Equity Group | Lorna Murray |
| Acreage | 0.48 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98404 |
| Area | 61 Southeast Tacoma |
| Community Name | Tacoma |
| School District | Lincoln High |
| Elementary School | Boze |
| High School | Lincoln High |
| Listing VS Median (in Tacoma) | |
Price: $899,900 low | high Med: $494,978 On site: 89 low | high Med: 64.5 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98404 |
| Area | 61 Southeast Tacoma |
| Community Name | Tacoma |
| School District | Lincoln High |
| Elementary School | Boze |
| High School | Lincoln High |
| Listing VS Median (in Tacoma) | |
Price: $899,900 low | high Med: $494,978 On site: 89 low | high Med: 64.5 | |
![]() | $2,450,0001148 72nd StreetTacoma, WA 98404 |