5114 112th St E Tacoma, WA 98446

Listing agency BHGRE COMMERCIAL k***@bhgpc.com

Listed by KYLE MILTON

Source Corcoran

Added: Nov 22, 2022 Updated: Jul 6 at 7:43AM Checked: Jul 22 at 8:30AM

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Investment Insights

Based on property information with market context.

This 9.36-acre site, consisting of two parcels, presents a development opportunity in a rapidly expanding area of Pierce County. The property has been recently rezoned to Urban Corridor (UCOR), which allows for up to 60 dwelling units per net acre and a height limit of 55 feet, with the potential to increase to 75 feet through bonus programs. The zoning supports a variety of high-density uses, including multifamily housing, senior housing, and mixed-use developments. The site benefits from approximately 650 feet of frontage along 112th Street, with sewer, water, and power available in the street. Approximate wetlands have been mapped but not officially delineated, with potential for mitigation to reduce buffer zones. The property offers convenient access to Highway 512. Parcel numbers are 0319121086 and 0319121070.

Key Highlights

• Strategically located 9.36‑acre site in rapidly expanding Pierce County.
• Recently rezoned to Urban Corridor (UCOR), allowing up to 60 dwelling units/net acre and a 55’ height limit (potential to increase to 75’).
• Zoning allows for a variety of high‑density uses including multifamily, senior housing, and mixed‑use.

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FAQs

What type of property is this?

Land - 9.36-acre site in Pierce County, zoned for high-density development.

Where is this land located?

The property is located at 5114 112th St E Tacoma, WA.

What is the asking price?

The asking price for this property is $6,750,000.

What are key features of this property?

This property features: Strategically located 9.36‑acre site in rapidly expanding Pierce County.; Recently rezoned to Urban Corridor (UCOR), allowing up to 60 dwelling units/net acre and a 55’ height limit (potential to increase to 75’).; Zoning allows for a variety of high‑density uses including multifamily, senior housing, and mixed‑use.