Listing Provided by Better Homes and Gardens RE PC
A golden opportunity for the right developer, this strategically located 9.36-acre site consists of 2 parcels set within a rapidly expanding area of Pierce County. Recently rezoned to Urban Corridor (UCOR) allowing up to 60 dwelling units/net acre and a 55’ height limit, with the potential to increase the height limit to 75’ through bonus programs. With easy access to Hwy 512, the zoning allows for a variety of high-density uses including multifamily, senior housing, and mixed-use. Nearly 650’ of frontage along 112th with sewer/water/power in the street. Approximate wetlands have been mapped but not officially delineated, potential for mitigation to reduce buffer zones. Buyer to verify all information. Parcels: 0319121086 and 0319121070.
- Price:
- $6,750,000
- Acreage:
- 9.36
- Listing ID #:
- NWM1894109
- Street Address:
- 5114 112th St E
- City:
- Tacoma
- State:
- Washington
- Postal Code:
- 98446
- County:
- Pierce
- Community:
- 66 - Parkland
- Subdivision:
- Midland
- Listing Status:
- Active
- Listing Type:
- Land
School District: Bethel
- Furnished:
- Unfurnished
- Structure:
- Multi Family
- Style:
- 42 - Multi-Family
- Lot Features:
- Curbs, Paved, Sidewalk
- Lot Size Units:
- Square Feet
- Lot Square Footage:
- 407722
- Road Type:
- Paved
- Suitable Use:
- See Remarks
- Zoning Description:
- Ucor
- On Market Date:
- 2022-03-01
- Originating Mls:
- Nwmls
- Terms:
- Cash Out, See Remarks
- Subdivision:
- Midland
- Property Taxes:
- $11,173
- Tax Year:
- 2022
- Existing Water:
- In Street
- Sewage Type:
- In Street
- Utilities:
- Electricity Available
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided by Better Homes and Gardens RE PC
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Disclaimer: The information contained in this listing has not been verified by the member's firm and should be verified by the buyer.
