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3718 Pacific Ave

0.37 Acres of Commercial Land Offered at $4,619,936 CAD in Tacoma, WA 98418

Investment Highlights

  • Fully Permitted: All necessary permits are secured, allowing for immediate construction.
  • Tax Abatement: Eligible for an 8 or 12-year tax abatement, further enhancing your investment returns.
  • Amenities: Future residents will enjoy premium amenities, including a rooftop lounge, a dedicated dog run, and secured garage parking.
  • Opportunity Zone (OZ): Located within an Opportunity Zone, providing potential tax incentives for investors.
  • Utilities: All utilities are conveniently located in the street at the site, ensuring a smooth and cost-effective build.

Executive Summary

Welcome to a prime investment opportunity in the thriving South Tacoma area, where the demand for multi-family development is high. This ready-to-build project features 98 fully permitted units, addressing the pressing need for housing in the area. Located within an Opportunity Zone, this property presents investors with the advantage of 8 or 12-year tax abatement options, maximizing potential returns. All utilities are already available at the site, streamlining the development process. Future residents will enjoy a range of desirable amenities, including a rooftop lounge, dog run, and secured parking garage. For further details or building plans request, please reach to the listing listing agent. Don't miss the opportunity!

Property Facts

Price $4,619,936 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Daycare Centre
Total Lot Size 0.37 AC

1 Lot Available

Lot

Price $4,619,936 CAD
Price Per AC $12,566,775 CAD
Lot Size 0.37 AC

Description

Avenir Apartments is a stunning 98-unit apartment building designed to offer a blend of luxury and affordability in the heart of Tacoma, WA. This beautifully planned complex features a variety of living spaces, including studios, one-bedroom, and two-bedroom units, each thoughtfully designed to provide comfort, convenience, and contemporary living. Unit Features: - Spacious Living Areas: Each apartment boasts generous living spaces, perfect for relaxation and entertaining. - Full Bathrooms: Modern, full bathrooms in every unit ensure convenience and style. - In-Unit Laundry: Enjoy the ease of in-unit laundry facilities in all apartments. - State-of-the-Art Kitchens: Modern kitchens equipped with the latest appliances and finishes, ideal for home cooking and entertaining. - Balconies: Private balconies provide outdoor space for each unit, offering fresh air and personal retreats. - Ample Storage: Plenty of storage options are available within each unit to keep living spaces organized and clutter-free. Building Amenities: - Rooftop Lounge: A stunning rooftop lounge with a 360-degree view of Puget Sound, Mount Rainier, and the Lincoln International District, perfect for socializing and enjoying the scenery. - Community Room: A spacious community room for events, gatherings, and social activities. - Dedicated Dog Run: A safe and convenient dog run for pet owners. - Fitness Center: A fully equipped fitness center to help residents stay active and healthy. - Secured Garage Parking: Secure and convenient garage parking for residents. Avenir Apartments is designed with versatility in mind, offering the potential for luxury living, affordable housing, or a combination of both. Whether you're looking for upscale amenities or budget-friendly options, Avenir Apartments has something to suit every lifestyle. Discover the perfect blend of modern design, prime location, and exceptional amenities at Avenir Apartments. Contact us today to learn more about this unique living opportunity in Tacoma, WA.

Walk Score ®
Very Walkable (78)
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 Number
747002-3540
Land Assessment
$574,359 CAD
Improvements Assessment
$0 CAD
Total Assessment
$574,359 CAD

zoning

Zoning Code Transitional Commercial
Transitional Commercial
  • Listing ID: 32641674

  • Date on Market: 2024-07-31

  • Last Updated:

  • Address: 3718 Pacific Ave, Tacoma, WA 98418

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