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    OFF-MARKET
    Commercial real estate

    12618 Canyon Rd, Puyallup, WA 98373

    Built 1947
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.79-acre property located at 12618 Canyon Road E, Puyallup, WA, presents a compelling development opportunity. Currently utilized as a truck yard with RV parking, the site is zoned Employment Corridor, a designation actively promoting diverse employment-generating uses. This includes business parks, service industries, light industrial operations, and commercial ventures. The zoning strategically targets areas with superior access to transportation networks, ideal for businesses prioritizing efficient shipping, logistics, and employee commuting. Its advantageous location bridges the thriving Frederickson industrial zone and the Port of Tacoma, benefiting from proximity to major transportation arteries. Significant recent infrastructure improvements in the area, focused on enhancing I-5 connectivity, further enhance this property's appeal. While a spacious home is present on the site, it requires renovation. A completed wetland study is available for review, streamlining the development process. The asking price for this prime commercial land is $2,200,000. This represents a unique chance to capitalize on the growth and strategic positioning within this dynamic corridor. The property's versatility and location make it an attractive investment for a wide range of commercial development projects.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1947
    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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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