5114 112th Street E, Tacoma, WA 98446
- $6,750,000
Listing courtesy of Better Homes and Gardens RE PC.
- List Price
- $6,750,000
- Status
- PENDING
- MLS#
- 1894109
- Price Change
- ▼ $1,250,000 1674247947
- Days on Market
- 270
- Lot Size (sq ft)
- 407,722
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.
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Additional Information
- Community
- Midland
- Style
- 42 - Multi-Family
- Zoning Jurisdiction
- County
- Sewer
- In Street
- Tax Year
- 2022
- School District
- Bethel
- Potential Terms
- Cash Out, See Remarks
- Driving Directions
- From Canyon Rd E exit on Hwy 512 head south to 112th St E and then West. Located on the southern side of 112th St E.
- Buyer Agency Compensation
- 2
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