Property Details

The 923 Military Road Development Site offers a prime ±3.0-acre residential development opportunity in the growing Spanaway submarket of South Pierce County. Located along Military Road and in close proximity to State Route 7, the property provides convenient access to major transportation routes connecting residents to Tacoma, Joint Base Lewis-McChord, and key employment centers throughout the South Puget Sound region. Zoned Urban Corridor (UC), the site offers flexibility for a variety of residential development concepts, including multifamily apartments, tand for-sale or for-rent townhome communities. The property’s location within an established residential area, combined with strong regional growth trends and increasing housing demand, creates a compelling opportunity for developers seeking to capitalize on one of South Pierce County’s most active housing markets. Future residents will benefit from close proximity to numerous educational, recreational, and retail amenities. Nearby destinations include Thompson Elementary School, Spanaway Middle School, Spanaway Lake High School, Lake Spanaway Golf Course, Spanaway Village Retail Center, Spanaway Lake, and Spanaway Park. This combination of accessibility, amenities, and development flexibility positions the property to meet the growing demand for attainable housing options throughout the Spanaway market. Supported by continued population growth, expanding employment opportunities, and limited housing inventory across the South Puget Sound region, the 923 Military Road Development Site represents an attractive opportunity for residential development in a well-established and increasingly sought-after location. There is also the opportunity to subdivide the single family home, and build on the remainder of the lot. The SFH has an estimated value of $750,000.