Military Road Development Site
Land | 3 acres
Marketing description
The 923 Military Road Development Site offers a prime ±3.0-acre residential development opportunity in the growing Spanaway submarket of South Pierce County. Located along Military Road and in close proximity to State Route 7, the property provides convenient access to major transportation routes connecting residents to Tacoma, Joint Base Lewis-McChord, and key employment centers throughout the South Puget Sound region.
Zoned Urban Corridor (UC), the site offers flexibility for a variety of residential development concepts, including multifamily apartments, tand for-sale or for-rent townhome communities. The property's location within an established residential area, combined with strong regional growth trends and increasing housing demand, creates a compelling opportunity for developers seeking to capitalize on one of South Pierce County's most active housing markets.
Future residents will benefit from close proximity to numerous educational, recreational, and retail amenities. Nearby destinations include Thompson Elementary School, Spanaway Middle School, Spanaway Lake High School, Lake Spanaway Golf Course, Spanaway Village Retail Center, Spanaway Lake, and Spanaway Park. This combination of accessibility, amenities, and development flexibility positions the property to meet the growing demand for attainable housing options throughout the Spanaway market.
Supported by continued population growth, expanding employment opportunities, and limited housing inventory across the South Puget Sound region, the 923 Military Road Development Site represents an attractive opportunity for residential development in a well-established and increasingly sought-after location.
There is also the opportunity to subdivide the single family home, and build on the remainder of the lot. The SFH has an estimated value of $750,000.
Investment highlights
- FLEXIBLE URBAN CORRIDOR (UC) ZONING - The property's Urban Corridor (UC) zoning provides flexibility for a variety of residential development concepts, including multifamily apartments, townhomes, and single-family residential communities. This versatility allows developers to align project design with evolving market demand.
- PRIME SPANAWAY LOCATION - Located in the heart of Spanaway, the site benefits from a well-established residential setting with convenient access to employment centers, schools, retail amenities, and recreational destinations throughout South Pierce County.
- CONVENIENT ACCESS TO STATE ROUTE 7 - Positioned just minutes from State Route 7, the property offers efficient connectivity to Tacoma, Joint Base Lewis-McChord, and major employment hubs throughout the South Puget Sound region, supporting long-term residential demand.
- SURROUNDED BY AMENITIES & RECREATION - Future residents will enjoy proximity to Thompson Elementary School, Spanaway Middle School, Spanaway Lake High School, Spanaway Village Retail Center, Spanaway Lake, Spanaway Park, and Lake Spanaway Golf Course, providing convenient access to daily necessities, outdoor recreation, and community amenities.
- MULTIFAMILY & TOWNHOME & SFR DEVELOPMENT OPPORTUNITY - The ±3.0-acre site presents a compelling opportunity to deliver much-needed housing within a growing South Pierce County market. Supported by strong regional growth trends and ongoing housing demand, the property is well-positioned for a range of residential development strategies.
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