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.
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Listing information ©2023 Northwest MLS. Listing courtesy of Windermere Professional Prtnrs.
Sold by .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.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-09-21T11:15:01.563. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-09-21T11:15:01.563. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.