9.36-Acre Development
For Sale
$6,750,000
Pending
5114 112th St E, Tacoma, WA 98446
9.36-acre site in Pierce County, zoned for high-density development.
Property SizeContact for details
Days on Market1385
Property Features for 5114 112th St E
General Information
Standard status
Pending
Property subtype
Commercial
Listing Agency:
BHGRE COMMERCIAL
Listed By:
KYLE MILTON
Source:
Corcoran
Added: Nov 22, 2022
Changed: Jul 6
Last Checked: Jul 23 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHGRE COMMERCIAL
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 98446, WA
12,800
Population
5,447
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
10.9 sq mi
ZIP Area
1,174
Density / Sq Mi
$101,130
Median Household Income
$54,940
Median Earnings
$1,944
Median Rent
$459,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
