12618 Canyon Rd, Puyallup, WA 98373
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.