Property profile

34th 34Th Ave Spanaway, WA 98387

OFF-MARKET
Land
70 ac lot
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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

Location

34th 34Th Ave Spanaway, WA 98387
Spanaway metro
Google Maps

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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