About this home

2.4-acre development site in high-growth South Pierce County, zoned Urban Corridor (UC). UC permits high-density multifamily up to 60 units/acre. Buyer can pursue a substantial multifamily or townhome program subject to site fit, height, and parking. Located within 0.5 mile of the new Spanaway Transit Center, the site may qualify for reduced or exempt parking under transit-oriented standards (buyer to verify). Dual access from 208th St E and 16th Ave E offers strong site-planning flexibility. Walkable to Fred Meyer and daily retail; minutes from SR-7 and Amazon's 1.1M SF Spanaway fulfillment campus. Sewer extension underway on 208th St E with expected completion this Fall. A rare high-density land play in a supply-constrained submarket with expanding employment and proven rental demand.

Property details

Parking: Garage
Lot: Paved
Water source: Available
Sewer: In Street
Utilities: Electricity Connected, Natural Gas Available

Costs

Annual taxes: $6,445 (2026)

Estimate your monthly payment

$8,122/mo

Principal & interest: $7,585
Property taxes: $537

Down payment (20%) $300,000 Interest rate (%) Loan term (years)

Loan amount $1,200,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Spanaway, WA 98387

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Northmarq Multifamily, LLC— Taylor Wyman.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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