17302 A Street S, Spanaway, Washington WA98387
16,112 SqFt 0.370 Acres
Prime multi-family development site suitable for 9-units. Water, Sewer, Gas & Electric are all in-street. 2 separate tax parcels offer a combined 16,112 SF w/ 4 underlining lots. Property is located w/in proximity to Spanaway Lake w/ an abundance of restaurants, grocery stores & other commercial centers only minutes away. Lot is cleared w/ level topography. Frontage on paved roads, A Street S & 173rd St S. Current owner has plans for 3-triplexes w/ 2-bdrm configurations + parking. Lots of preliminary work completed: survey, water availability certificate, preliminary meeting, architectural drawings, etc. Value of finished apartment project should be in excess of $2-million & achieve annual gross revenue of around $200K. Zoned MHR.
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