This commercial property presents a lucrative investment opportunity within Tacoma's vibrant Urban Center Mixed-Use District (UCX), the South Tacoma Groundwater Protection District (STGPD) and Opportunity Zone, offering exceptional accessibility and future development potential. Strategically located just off the Tacoma Mall and easy access to I-5, this property benefits from high visibility and seamless connectivity. Currently fully leased with a robust 7% cap rate, this property guarantees consistent and reliable income, supported by 2 long-term rental tenants. The property is zoned to accommodate multiple types of residential buildings, presenting a significant redevelopment or conversion opportunity. The zoning permits a base height of 65 feet, with the potential to increase to 85 feet through the incorporation of optional bonus features, maximizing development density and value.