Park Avenue Commons (Fully Entitled)
648 125th St S, Parkland, WA 98447
Executive Summary
- Price: $4,750,000 (32,094 / Per Unit)
- Address: 648 125th St S, Parkland WA 98447
- Proposed Units: 148 (Fully Entitled)
- Proposed Parking: 181 stalls
- Total Land Area: ± 1.93 acres / ± 84,027 square feet
- Parcel: 3130000242
- Zoning: TCTR - Town Center
- State Incentives: QCT Zone
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.