Park Avenue Commons

For Sale

648 125th St S, Tacoma, WA 98444

This Tacoma property for sale is located at 648 125th St S.

Contacts

broker

Elijah Piper

First Western Properties

(253) 284-3633

broker

Ned Whalen

First Western Properties

(253) 471-5503

Property Details

First Western Properties is pleased to exclusively present Park Ave Commons, an urban infill site conveniently located adjacent to Pacific Lutheran University, in South Pierce County. Located in a Qualified Census Tract, the property is very centralized and offers residents the opportunity to enjoy a multitude of shops and restaurants nearby. The site is conveniently located just a block away from the newly announced Multicare out patient medical center and is situated right off Pacific Avenue with easy access to 512 and I-5. Park Avenue Commons offers the opportunity for investors to purchase a large scale entitled site in a market that has not seen any project of this scale in almost a decade. According to the Washington State Department of Commerce estimates, Pierce County needs to add over 111K new units over the next 15-20 years to support demand.

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Highlights

  • 1.93 acres adjacent to Pacific Lutheran University
  • One block away from 15-acre future Multicare medical campus
  • Fully Entitled for 148-Units | 1 Building
  • Permits submitted for and expected to be received in Mid-2024
  • Unit Mix: 66 Studios | 74 1 Beds | 8 2 Beds
  • Easy access to I-5, HWY 512 and Parklands Transit Center
  • Located in a QCT Zone (Qualified Census Tract)

Getting around

  • 69/100

    Walk Score ®

  • 55/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Tacoma, WA
  • Neighborhood Parkland
  • Zip Code 98444
  • Market Seattle

Points of Interest

  • Lakewood

    2.78 miles

  • South Tacoma

    4.73 miles

  • South 25th Street

    6.68 miles

  • Tacoma Dome

    6.74 miles

  • Union Station/South 19th Street

    7.07 miles

  • Convention Center/South 15th Street

    7.39 miles

  • Commerce Street/South 11th Street

    7.63 miles

  • Puyallup

    7.67 miles

  • Theater District/South 9th Street

    7.86 miles

  • Capital Aeroporter Airport Shuttle

    8.04 miles

  • Chevron

    0.48 miles

  • Arco

    0.51 miles

  • Shell

    0.52 miles

  • Pacific Pride

    1.07 miles

  • Shell

    1.22 miles

  • Chevron

    1.38 miles

  • ARCO

    1.56 miles

  • 76

    1.57 miles

  • Chevron

    1.59 miles

  • 76

    1.60 miles

  • South Hall Parking Lot

    0.04 miles

  • Tinglestad Parking Lot

    0.04 miles

  • Martin J. Neeb Center Parking LOt

    0.10 miles

  • Nesvig Parking Lot

    0.14 miles

  • Ivy Parking Lot

    0.16 miles

  • University Center Parking Lot

    0.20 miles

  • Harstad Parking Lot

    0.23 miles

  • Mortvedt Library Parking Lot

    0.29 miles

  • Olsen Auditorium Parking Lot

    0.31 miles

  • East Hauge Parking Lot

    0.32 miles

  • Candlewood Suites Lakewood

    2.47 miles

  • Crossland Economy Studios

    2.57 miles

  • Quality Inn & Suites

    2.58 miles

  • American Lodge

    2.67 miles

  • Whiteroof Inn

    2.68 miles

  • Comfort Inn

    2.70 miles

  • Rothem Inn

    2.72 miles

  • CandleWood Suites

    2.78 miles

  • Days Inn Lakewood

    2.82 miles

  • Red Lion Hotel & Conference Center

    2.82 miles

  • Marvel Food and Deli

    0.45 miles

  • Saars

    0.52 miles

  • QFC

    0.97 miles

  • Albertsons

    1.78 miles

  • Safeway

    2.09 miles

  • Tienda Y Carniceria Los Guerreros

    2.38 miles

  • Paradisio Filipino Food

    2.44 miles

  • Grocery Outlet

    2.44 miles

  • H Mart

    3.23 miles

  • Fred Meyer

    3.32 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Park Avenue Commons