Maple Square Townhome Development Site
Permit-Ready Townhome Development Site in Tacoma
Marketing description
JLL has been exclusively retained for the sale of 4014 Pacific Ave (The “Property” or “Site”), in Tacoma, Washington, just 30 miles south of Seattle.
The Site is comprised of approximately 9,400 square feet of permit-ready UR-3 zoned land. The location offers excellent proximity to Interstate 5 and is within 3 miles of more than 10 million square feet of restaurants and retail establishments, providing a significant amenity base for future tenants.
The Site is strategically located just a 3-minute drive from I-5, ensuring excellent access to the entire Puget Sound region. It benefits from proximity to Pierce County's key economic drivers: Healthcare, Aerospace, and Banking & Insurance, and major employers like Boeing, State Farm, and Joint Base Lewis McChord with its 54k full-time employees. The Tacoma submarket is a premier investment destination, driven by robust fundamentals, a 14% population increase since 2010, and a projected 13% rise in median household income by 2030. This growth, combined with its relative affordability, makes Tacoma a compelling alternative to the higher-priced Seattle market.
Investment highlights
- 9,400 SF permit-ready site in prime Tacoma location, offering immediate development potential.
- Strategic proximity to I-5, ensuring unparalleled access to Puget Sound's diverse economy.
- 13.9% increase in median household income projected by 2030, backing robust tenant demand.
- 15.4% Average home value growth by 2030.
- $97.7K Average household income.
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