Property profile

11738 Canterwood Blvd Gig Harbor, WA 98332

OFF-MARKET
Land
7.6 ac lot
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Property summary

AI-generated overview

This exceptional 7.6-acre commercial land parcel in Gig Harbor, Washington, presents a unique investment opportunity. Located at 11738 Canterwood Blvd, with APN 0122254090, this B-2 zoned property offers significant potential for development. The asking price is $3,900,000, translating to $15.98 per square foot. Situated near Franciscan St. Anthony Hospital and its medical pavilion, this site benefits from a thriving medical synergy and a rapidly growing population, with numerous residential developments underway. Pre-approved plans include four buildings totaling approximately 28,278 square feet, offering flexibility for various commercial uses. Three of these buildings have drive-thru approvals, a rare advantage in Gig Harbor. The property boasts excellent access, situated off Burnham Drive with direct Highway 16 access and Canterwood Boulevard frontage. The seller will provide site plan review approval, a conditional use permit, and design review approval, saving significant time and resources for the buyer. This is a turnkey opportunity to capitalize on Gig Harbor's expanding market and strong demographics within the Puget Sound region of Pierce County. Building sizes are: Building A - 18,000 sq ft

Property profile

Verified
Property type Land
Lot 7.6 ac (331,056 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11738 Canterwood Blvd Gig Harbor, WA 98332
Gig Harbor metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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