419 208Th St, Spanaway, WA 98387
This exceptional 242,884 square foot land parcel presents a unique investment opportunity in Spanaway, Washington. Located at 419 208th St E, 98387, Pierce County, this property is zoned for residential development and boasts a wealth of completed due diligence. Extensive environmental studies have already been conducted, including a habitat assessment, SEPA review, wetland verification report, ALTA survey, and a Phase 1 environmental site assessment. A comprehensive tree conservation plan is also in place, streamlining the development process and minimizing potential delays. The property's location in Spanaway offers convenient access to local amenities and transportation networks. The asking price for this ready-to-develop land is $2,000,000. All necessary documentation is available for review, ensuring a smooth and transparent transaction. This is an ideal opportunity for developers seeking a well-prepared site for residential construction in a desirable Washington location. The property's size and completed assessments make it a low-risk, high-reward investment, poised for immediate development. Don't miss this chance to acquire a prime residential land parcel in a thriving community. Contact us today to learn more and schedule a site visit.
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.