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Property Description
Canyon Creek Apartment opportunity w/SEPA approval & Commercial Site Development county approval for a 136 Unit Apartment Project. Amazing location assemblage of 6.5 acres off Canyon Park, behind Albertsons. All approved Site Engineering, Architectural plans, and Land included in the List price. Summer 2021 build. 81 Units 1 Bed/1Bath and 55 Units 2 bed/2 Bath. Site approved for 5 buildings in the Woody Walkup style with 130 individual garages, 295 additional parking spaces. Market value of the built out project with certificate of occupancy is estimated at $36+ million+. Great return with a 5 cap, plus initial buildout profit. Adjacent to newer construction 5100 Summit apartments with stable rents! Must see opportunity, wont last long.
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Property Details
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- MLS ID:
- 1735919
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- Area:
- Puyallup
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- Community:
- Puyallup
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- County:
- Pierce County
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- Lot Size Sq. Ft.:
- 278,000
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- Lot Style:
- Paved
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- Property Subtype:
- Land
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- Property Type:
- Land
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- Status:
- Sold
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Additional Highlights
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- Furnished:
- Unfurnished
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- Improvements:
- Fenced-Partially
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- Land/Topography:
- Level
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- Water Source:
- In Street
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Request Info
10909 50th Avenue E, Puyallup Washington, 98446 United StatesDisclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.