648 125th St S
Parkland WA 98447
![](https://www.commercialmls.com/Media/Listing/web/674825.jpg)
648 125th Street S
648 125th St S Parkland WA 98447
Listing #: 674825 | Status: Available | Last Modified: 8/23/2024 |
For Sale
- Phone:(253) 677-1105
- Email:epiper@firstwesternproperties.com
- Office Name:First Western Properties - Tacoma, Inc.
- Office Phone:(253) 472-0404
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
![](https://www.commercialmls.com/Media/Listing/web/674825.jpg)
- Listing Price$ 4,750,000.0
- $/Unit$ 32,094.6
- Listing StatusAvailable
- Days on Market268
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Topography
- Total Units148
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusProposed
- # of Buildings1
- # of Floors5
- # of Units148
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF
- Net Rentable Area
- Total Office SF
- Largest Contiguous SF
- Lot SF84027
- Acres1.93
- Property TypeLand
- Office Type
- Building Class
- CountyPierce
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaParkland/Midland
- Tax ID #3130000242
- Additional Parcels3130000170, 3130000180, 3130000190, 3130000200, 3130000210, 3130000220, 3130000230, 3130000240, 9175000970
- ZoningTCTR
- # Covered Spaces0
- # Uncovered Spaces181
- Total Parking Spots181
- Parking Ratio
Park Ave Commons
We are 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 ½ mile away from the Parkland Transit 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 an 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 su
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