Property Details

The Spanaway Development Site offers a prime ±2.4-acre multifamily or townhome development opportunity within one of South Pierce County’s fastest-growing residential and employment corridors. Located just off 208th Street East in Spanaway, the property benefits from convenient access to State Route 7 (Mountain Highway) and key regional transportation routes, providing connectivity to Tacoma, Joint Base Lewis-McChord, and major employment centers throughout the South Puget Sound region. The site features two points of ingress and egress, with access available from both 208th Street East and 16th Avenue East, offering flexibility for site planning and circulation. The property is strategically positioned near several significant public and private investments that are expected to drive long-term growth in the surrounding area. The recently completed Spanaway Transit Center provides enhanced regional transit connectivity and serves as a major transportation hub for the Spanaway-Frederickson corridor. Additionally, Amazon’s recent acquisition of the approximately 1.1-million-square-foot former Ashley Furniture distribution campus represents a substantial economic investment in the area and has the potential to create thousands of jobs upon full operation. These developments, combined with the area’s expanding employment base and continued population growth, support increasing demand for quality housing options throughout the submarket. Residents will benefit from convenient access to everyday amenities, including nearby Fred Meyer, grocery stores, restaurants, retail services, healthcare providers, schools, and recreational opportunities. The property’s location within an established residential neighborhood, combined with its proximity to major employment centers, transportation infrastructure, and commercial services, positions it well to meet the growing demand for attainable suburban housing. Supported by strong regional growth trends, limited new housing supply, and ongoing investment throughout South Pierce County, the Spanaway Development Site represents a compelling opportunity for multifamily or townhome development in a high-growth and increasingly sought-after market.