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    OFF-MARKET
    Land

    34th 34Th Ave, Spanaway, WA 98387

    70 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 70-acre residential land offering presents a significant development opportunity in Spanaway, Washington. Comprising four parcels (APN: 0318264027, 0318264033, 0318264031, 0318264032), this property is conveniently located south of Spanaway off Highway 7, in unincorporated Pierce County, WA, zip code 98387 (latitude 47.049281, longitude -122.3847951). Currently zoned R10, the land boasts a level topography. The property is actively undergoing a design review process with Pierce County for boundary line adjustments, aiming to increase the allowable dwelling unit yield. A comprehensive civil engineering package, including detailed maps, is available upon request. Further due diligence can be performed using the Fidelity National Title Report Number 611338530. This is a rare opportunity to acquire a substantial tract of land with significant potential for residential development in a desirable location. The asking price for this remarkable property is $1,500,000.

    Property profile
    Verified
    Property type Land
    Lot 70 ac (3,049,200 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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    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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