5114 112th Street E Tacoma, WA 98446
Listing Courtesy of: Northwest MLS / Better Homes And Gardens Real Estate Pacific Commons / Kyle Milton
$6,750,000

  5114 112th Street E Tacoma, WA 98446

Active (161 Days)

Description

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.

MLS #:
1894109
Taxes
$11,174(2022)
Lot Size
9.36 acres
Type
Land
Style
Multi-Family
School District
Bethel
County
Pierce County
Community
Midland
Bathroom Details
Subdivision
  • Midland
Lot Information
  • Sidewalk
  • Paved
  • Curbs
Utility Information
  • Utilities: Electricity Available
  • Sewer: In Street
Additional Listing Info
  • Selling Office Commission: 2
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jan 20, 2023
Price Changed
$6,750,000
-16%
-1,250,000
Apr 04, 2022
Price Changed
$8,000,000
-20%
-2,000,000
Mar 01, 2022
Original Price
$10,000,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2023 2/4/23 02:38. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.