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Property profile & analytics
OFF-MARKET
Land

16816 Cyn Rd Tacoma, WA 98375

2.03 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.03-acre commercial land parcel presents a rare development opportunity in Puyallup, Washington. Strategically located on busy Canyon Road East at 16816 Canyon Rd E, this property boasts unparalleled visibility and convenient access for businesses. The land is zoned for Employment Corridor use, offering flexibility for a wide range of commercial ventures. Its prime location within the Mid County Community Plan ensures future growth potential. The property's address is 16816 Canyon Rd E, Puyallup, WA 98375, with APN numbers 0319124107 and 0319124014. The Canyon Road corridor is a vital transportation link in Pierce County, connecting the thriving Frederickson industrial area and the Port of Tacoma, benefiting from recent infrastructure improvements designed to enhance connectivity to Interstate 5 and accommodate future expansion. This high-traffic area guarantees significant exposure for any business established here. Currently, a residential structure is on the property, providing potential interim income during redevelopment. This presents a unique opportunity to acquire a well-positioned commercial lot with immediate income potential and significant long-term growth prospects. The asking price for this remarkable property is $2,200,000.

Property profile
Verified
Property type Land
Lot 2.03 ac (88,427 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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