Bought with ZNonMember-Office-MLS
$5,550,000
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5114 112th ST E Tacoma, WA 98446
9.36 Acres Lot
Key Details
Sold Price $5,550,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Midland
MLS Listing ID 1894109
Sold Date 10/27/25
Style 42 - Multi-Family
Annual Tax Amount $11,173
Lot Size 9.360 Acres
Property Sub-Type Land
Property 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.
Location
State WA
County Pierce
Area 66 - Parkland
Interior
Fireplace false
Exterior
Utilities Available Electricity Available
View Y/N No
Building
Lot Description Curbs, Paved, Sidewalk
Sewer In Street
Water In Street
Schools
School District Bethel
Others
Senior Community No
Acceptable Financing Cash Out, See Remarks
Listing Terms Cash Out, See Remarks
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.