Park Avenue Commons

648 125th St S, Tacoma, WA 98444

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)

Contacts

broker

Elijah Piper

First Western Properties

broker

Ned Whalen

First Western Properties

Location

Getting Around

  • Walk Score ®

    69/100 Somewhat Walkable

  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City Tacoma, WA
  • Neighborhood Parkland
  • Zip Code 98444
  • Market Seattle

Points of Interest

  • Lakewood

    2.78 miles

  • South 25th Street

    6.68 miles

  • S 25th St

    6.68 miles

  • Tacoma

    6.74 miles

  • Tacoma Dome

    6.75 miles

  • Union Station

    7.07 miles

  • Union Station/South 19th Street

    7.07 miles

  • Saint Joseph

    7.09 miles

  • St Joseph

    7.10 miles

  • SillyVille Train Station

    7.17 miles

  • Arco

    0.51 miles

  • Shell

    0.52 miles

  • Pacific Pride

    1.07 miles

  • Chevron

    1.38 miles

  • ARCO

    1.56 miles

  • 76

    1.57 miles

  • Albertsons Gas

    1.69 miles

  • Blink

    4.12 miles

  • Tesla Supercharger

    4.71 miles

  • ChargePoint

    4.76 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

  • Americas Best Value Inn Lakewood Tacoma S

    2.65 miles

  • American Lodge

    2.67 miles

  • Woodspring Suites

    2.68 miles

  • Whiteroof Inn

    2.68 miles

  • Western Inn

    2.70 miles

  • Comfort Inn

    2.70 miles

  • Holiday Inn Express & Suites

    2.72 miles

  • Marzano Italian Restaurant

    0.25 miles

  • Zen Ramen & Sushi Burrito

    0.26 miles

  • La Salsa

    0.30 miles

  • Rise and Shine Cabaret Cafe

    0.31 miles

  • Trappers Sushi

    0.32 miles

  • La Ca Cafe

    0.34 miles

  • 208 Garfield

    0.35 miles

  • Uni Teryaki and Wok

    0.37 miles

  • Farellis Pizza

    0.37 miles

  • Domino's

    0.37 miles

  • Pacific Lutheran University

    0.14 miles

  • Brookdale Elementary School

    0.33 miles

  • GATES High School

    0.36 miles

  • Parkland Lutheran School

    0.40 miles

  • Perry G Keithley Middle School

    0.53 miles

  • Washington High School

    0.66 miles

  • Elmhurst Elementary School

    0.92 miles

  • New Pathways Storefront School

    0.95 miles

  • James Sales Elementary School

    0.98 miles

  • Christensen Elementary School

    1.48 miles

  • Crown Academe

    2.64 miles

  • Children's University

    2.99 miles

  • Fun Times Daycare

    3.44 miles

  • Anna's Child Care

    4.07 miles

  • Angeles Academy

    4.22 miles

  • New Jerusalem Day Care Center

    4.44 miles

  • Just Like Home Daycare

    4.63 miles

  • Kreative Kidz of Lakewood

    4.66 miles

  • Alphabet Preschool

    4.88 miles

  • KinderCare

    4.96 miles

Frequently Asked Questions

How much does Park Avenue Commons cost?

The sale price for Park Avenue Commons is available upon request. Contact the listing broker for more information.

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