5114 112th ST E Pending

Tacoma,WA 98446

$ 6750000

- Bed

- Bath

0 SqFt


Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Pending

Purchase Type For Sale

Subdivision Midland

MLS Listing ID 1894109

Style 42 - Multi-Family

Annual Tax Amount $11,173

Lot Size 9.360 Acres

Property Description

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.

Location

State WA

County Pierce

Area 66 - Parkland

Exterior

Utilities Available Electricity Available

View Y/N No

Building

Lot Description Curbs,Paved,Sidewalk

Sewer In Street

Water In Street

Schools

School District Bethel

Others

Acceptable Financing Cash Out,See Remarks

Listing Terms Cash Out,See Remarks

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