Sign up to receive our listings
Let’s talk about apartments
sold
Listings/Pacific Ridge Development
Pacific Ridge Development
Sale Price: $2,000,000
For more information about this property, please contact the listing broker.
Please visit our Listings page to view apartment buildings and development land currently on the market.
Property Details
Sale Details
Opportunity
80-UNIT DEVELOPMENT SITE sitting on 1.85 acres of flat developable land
SITE NEARLY SHOVEL READY with building permits approved for all structures (Residential buildings 1, 2, 3, Amenity building and Carriage House A)
SEVERELY UNDER-SERVED renters market in growing location. With prior new construction being delivered in 2014 (Garfield Station Apartments – 50-unit Min.), South East Tacoma is ripe for new construction
CENTRALLY LOCATED at 84th and Pacific Avenue, Pacific Ridge holds proximity to nearby transit stop, grocery, schools and local jobs.
Permitted Development
Construction can begin with Civil Engineering approval
Central Location
In Tacoma's Fern Hill neighborhood
Housing in High Demand
In this under-served location
Location
Open Google Maps
Pacific Ridge Development
8445 Pacific Ave
Tacoma, WA 98444
Units: 80 (Entitled)
Price: $2,000,000
Location Overview
South East Tacoma offers renters an affordable escape from Tacoma rapidly growing CBD district without sacrificing proximity to all jobs and amenities Downtown Tacoma has to offer.
Pacific Ridge sits right near the corner of 84th and Pacific, located just off local commuter transit line. Rental rates in SE Tacoma have steadily increased, with supply of additional unit extremely slow to follow. Pacific Ridge’s location offers the opportunity to live in a brand new amenity rich community at a relatively affordable rate. Proximity to Tacoma current light rail and 6-spot expansion (2022), SE Tacoma is well positioned for greater economic growth.
250,499
Population (3 Mile Radius)
$72,706
Average Household Income (1 Mile Radius)
34.2
Median Age (1 Mile Radius)
Contact Us
Exclusive Listing Brokers
Kidder Mathews is the exclusive Listing Brokerage for this Offering. Austin Kelley, Dylan Simon, and Jerrid Anderson are exclusively representing the Seller in the sale of the Pacific Ridge Development.
