• 772 days on site
  • 3 views

A golden opportunity for the right developer, this strategically located 9.36-acre site consists of 2 parcels set within a rapidly expanding area of Pierce County. Recently rezoned to Urban Corridor (UCOR) allowing up to 60 dwelling units/net acre and a 55' height limit, with the potential to increase the height limit to 75' through bonus programs. With easy access to Hwy 512, the zoning allows for a variety of high-density uses including multifamily, senior housing, and mixed-use. Nearly 650' of frontage along 112th with sewer/water/power in the street. Approximate wetlands have been mapped but not officially delineated, potential for mitigation to reduce buffer zones. Buyer to verify all information. Parcels: 0319121086 and 0319121070.

Listed by:

Better Homes and Gardens RE PC

Source: NWMLS, MLS#: NWM1894109

  • Property Type
    Land
  • Lot
    9.36 Acres

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Bruce Batson
  • Median Age
    37
  • Population Density
    1,086
  • College Educated
    35%
  • Estimated Median Monthly Income
    $85,875
  • Estimated Total Home Owners
    3,050
  • Estimated Total Renters
    1,066
  • Owner / Renter Divide
    74% / 26%
  • Estimated Average Household Size
    3
  • Total Population
    11,945
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
*Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Life at 5114 112th Street E


Schools

2
Central Avenue Elementary
  • Grades: KG-5
  • Public
3
Clover Creek Elementary
  • Grades: KG-5
  • Public
4
Naches Trail Elementary
  • Grades: KG-5
  • Public
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

History

Date Event Value Agent
2/6/2024Source: NWMLS Status Change
Pending
11/21/2022Source: NWMLS Status Change
Active
8/4/2022Source: NWMLS Added to Database
March 01, 2022
5/25/2022Source: NWMLS Status Change
Pending Feasibility
4/4/2022Source: NWMLS Price Reduction
$8,000,000 -20.0%