James & Angie Smith

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Listing provided courtesy of KW Mountains to Sound RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2369864MLS Provider

7002 S Park AvenueTacoma, WA 98408

Vacant Land · 0.62 Acres
$450,000 Pending Feasibility

7002 S Park Avenue Overview

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Looking for a flat, corner lot primed for infill development in the heart of the city? You found it with these two fantastic lots, favorably zoned Urban Residential (UR-2) within Tacoma's middle housing zoning code. Sold together, the two lots total 27,000 square feet or .62 acre and preliminary design plans show the potential of 12 townhomes. Other compatible uses in the UR-2 zone include residential businesses and community facilities including schools or religious building. City of Tacoma wants good, quality housing & prefers potential projects like this. Current building is rented to a non-profit so there's is also an opportunity to reposition the building while development plans unfold. Time to land bank for the future. Hurry!

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7002 S Park Avenue Facts & Features

  • Type Vacant Land
  • Lot 0.62 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Tacoma
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 52 - South Tacoma
  • Subdivision Name: South Tacoma

Tax Information

  • Tax Annual Amount: $4,128.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash Out
  • Parcel Number: 5840000130
  • Possible Use: Commercial,Multi-Family,Residential,See Remarks
  • Property Sub Type: Land
  • Property Type: Land
  • Senior Community: No
  • Special Listing Conditions: See Remarks

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0

Exterior

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.6198
  • Lot Size Square Feet: 27000
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: In Street

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Structure Type: None

General Information

  • Carport: No
  • Electric On Property: Yes
  • Sewer: On Property
  • Utilities: Electricity Connected, Natural Gas Available

7002 S Park Avenue Neighborhood

Community

98408 (Tacoma) Demographics

37
Median Age
6,035
Population Density (per sq. mile)
32%
College Educated
$58,961
Estimated Median Income
4,817
Estimated Total Home Owners
3,163
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7002 S Park Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7002 S Park Avenue Market Data

Based on the last 30 days in this zip code

$445,716
Average List Price
$274
Average Price per Square Foot
34
Properties Sold
49
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network

7002 S Park Avenue History

Date Event Value Agent
9/12/2025Source: NWMLS Status Change
Pending Feasibility
9/12/2025Source: NWMLS Status Change
Pending Feasibility
5/22/2025Source: NWMLS Status Change
Active
5/22/2025Source: NWMLS Status Change
Active
5/12/2025Source: NWMLS Status Change
Pending Feasibility
5/12/2025Source: NWMLS Status Change
Pending Feasibility
5/2/2025Source: NWMLS Added to Database
May 02, 2025
5/2/2025Source: NWMLS Added to Database
May 02, 2025