About this property

Attention investors, developers, and builders. Sited on a level 28,750 Sq ft lot that has the huge benefit of fronting on both Yakima Ave and 93rd St/S Thompson, zoned UR3, connected to sewer, power already converted to underground on Yakima Ave, capitalize on the newly enacted HB 1110 incentivizes higher density. Property has an approved short plat and only waiting for site improvement to be bonded before separating to 4 separate buildable lots with existing fully remodeled house on lot 1, either complete the short plat or keep as one large property to gain the benefit of a larger development opportunity. Preliminary indication from City of Tacoma suggests 50+ units could be built on this site. Property has wetland buffer zone on the south and west side of the property, that area still counts towards the FAR ratio and satisfies the full amenity space requirements, along with enough trees outside of buildable area to require no further expenses for tree coverage. Buildable area is 250' x 72' or 18,000 sq ft, with bonuses allowing for a total of 57,500 livable sq ft and up to 5 stories of height. Buyer to verify all information to own satisfaction.