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    OFF-MARKET
    Land

    428-502 39Th Ave, Puyallup, WA 98373

    290,931 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 290,931 square foot development site presents a unique investment opportunity in Puyallup, Washington. Located at 428-502 39th Ave SW, this property boasts a highly desirable location directly across from the entrance to South Hill Mall, ensuring significant visibility and accessibility. The site features approximately 300 feet of frontage along 39th Ave SW, providing ample space for development. The property is comprised of two parcels (APN: 0419095005 and 0419091068) and is zoned UCX (Urban Center Mixed-use), allowing for a variety of development options, including retail and multifamily uses. While the total commercially zoned land is estimated at up to approximately 75,000 square feet (buyer to verify), the overall site size offers considerable potential. Please note that there are existing residential tenants on each parcel. This prime location, combined with its flexible zoning and high visibility, makes this an exceptional opportunity for developers seeking a high-impact project in a thriving community. The asking price for this remarkable property is $2,975,000. This is a rare chance to acquire a significant piece of land in a strategic location with immense potential for future growth.

    Property profile
    Verified
    Property type Land
    Total area 290,931 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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