11738 Canterwood Blvd, Gig Harbor, WA 98332
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
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.