1137 Fawcett Avenue, Tacoma, WA 98402

Property Description

A rare opportunity to secure a premier development site in the heart of Downtown Tacoma. This 6,000 SF parcel is zoned DCC (Downtown Commercial Core), offering exceptional flexibility for multifamily, mixed-use, commercial, office, retail. Positioned within a federally designated Opportunity Zone, qualifying investors may benefit from valuable tax incentives, enhancing the property's already strong investment potential. Strategically located in one of Tacoma's fastest-growing redevelopment districts, the property is surrounded by new construction. Enjoy convenient access to I-5, Sound Transit, UW Tacoma, the Brewery District, restaurants, shopping, and entertainment. Whether your vision is a high-density residential project, mixed-use destination, or commercial development, this premier site offers the ideal combination of location, zoning flexibility, and long-term upside. Great opportunity to invest in one of the South Sound's most dynamic urban markets.

Listing Status:

Active

Data Last Updated:

August 27, 2026 at 5:22AM

Listing Office:

Gateway Real Estate : 253-904-1500

Listing Agent:

Alex Layer : 253-904-1500

MLS ID:

2557704

Interior

• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Construction

• General: 43 - Comm/Industrial

Location

• Road/Access: Paved
• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Tacoma
• County: Pierce

Lot

• Topography: LevelRolling
• Zoning: 2011090100
• View: CityMountainsView

Utilities

• Utilities: Electricity AvailableNatural Gas Available
• Water: In Street
• Sewer: In Street

Financial

• Source: nwmls