Property Details

Rare opportunity to acquire a 0.87-acre infill development site in the heart of Spanaway, one of Pierce County’s fastest-growing residential corridors. Zoned Neighborhood Corridor (NCOR), the property benefits from an allowable residential density of approximately 24 to 40 dwelling units per acre, providing a strong zoning foundation for higher-density residential development, subject to Pierce County approval and applicable development standards.The property is being offered with a conceptual 28-unit residential development plan featuring six newly constructed fourplex buildings together with the adaptive reuse of the existing residence into a fourplex. This unique approach preserves an existing asset while reducing demolition costs and creating an efficient, thoughtfully designed residential community.While the project has not been entitled, significant preliminary due diligence has already been completed. The seller has assembled a comprehensive development package that includes a conceptual site plan, architectural concepts, zoning analysis, and estimated entitlement costs, providing developers with a clear understanding of the project’s development potential and a streamlined path toward permitting.Ideally located within an established residential neighborhood, the property offers convenient access to SR-7, Pacific Avenue, Joint Base Lewis-McChord, schools, shopping, parks, and major employment centers. Continued population growth, strong housing demand, and a limited supply of infill development sites make this an exceptional opportunity to deliver much-needed multifamily housing in one of the South Sound’s most active residential markets.