5114 112th ST E, Tacoma, WA 98446 - MLS#1894109

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ONE Real Estate

broker@1realty.com +1(360) 201-0908

Listed by Better Homes and Gardens RE PC

$ 6,750,000

Est. payment -/mo

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Pending

5114 112th ST E Tacoma, WA 98446

9.36 Acres Lot

UPDATED:

06/21/2024 04:12 AM

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

Interior

Fireplace false

Exterior

Utilities Available Electricity Available

Waterfront No

View Y/N No

Building

Lot Description Curbs, Paved, Sidewalk

Sewer In Street

Water In Street

Schools

School District Bethel

Others

Senior Community No

Acceptable Financing Cash Out, See Remarks

Listing Terms Cash Out, See Remarks

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

ONE Real Estate

Broker

+1(360) 201-0908

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