2514 176th Street E, Tacoma, WA 98445

$2,150,000
4
BD
3
BA
2,400
SqFt

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Listing Broker: Better Properties Kent LLC; Major S. Dhami; 253-350-7171; mjrdhami@gmail.com

List Price
$2,150,000
Status
ACTIVE
MLS#
2603623
Bedrooms
4
Finished SqFt
2,400
Area Total SqFt
2400
Annual Tax Ammount
8916.46
Lot Size (sq ft)
92,390
Sewer
Available, Septic Tank

Property Description

Development Opportunity—Neighborhood Corridor (NCor) Zoning The primary value is in the land. Zoned Neighborhood Corridor (NCor), this property offers potential for 70+ units, subject to verification of zoning requirements and development approvals. The level, gravelly site is clear of trees, which may help reduce development costs. Water stubs are on the property, and sewer is nearby. The front street is improved and its main corridor . The property was previously permitted for 52 units, but that permit has expired. According to the information provided, zoning density has since changed to allow potential development of 70+ units. An existing rental house with four bedrooms, 2.5 bathrooms, and a three-car garage, along with a large separate office building, and lot of parking, provides income during the permitting process. A compelling opportunity for developers and builders. Do not disturb the tenants and Showing by appointment only, two days notice required.

Additional Information

Community
Spanaway
Style
10 - 1 Story
Basement
None
Year Built
1965
Total Covered Parking
3
Roof
Composition
Site Features
Cable TV, Dog Run, Fenced-Partially, Patio, RV Parking
Tax Year
2026
School District
Bethel
Elementary School
Buyer To Verify
Middle School
Cedarcrest Jnr High
High School
Spanaway Lake High
Potential Terms
Cash, Conventional
Interior Features
Bath Off Primary, Water Heater
Flooring
Vinyl, Carpet
Driving Directions
Property sit on south side of 176th ST E
Appliance
Dishwasher, Refrigerator, Stove(s)/Range(s)
Appliances Included
Dishwasher(s), Refrigerator(s), Stove(s)/Range(s)
Water Heater Location
Laundry
Water Heater Type
Electric
Energy Source
Electric
Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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