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1414 2nd St SE
Puyallup, WA 98372
1414, 1416 & 1418 2nd St Development Site · Land For Sale
·
0.49 AC
Investment Highlights
- Development site near MultiCare Good Samaritan Hospital and Washington State Fairgrounds.
- Zoned CG (General Commercial) with conceptual plans for hotel or mixed-use development.
- Conceptual studies show potential for up to 40,413 SF of building area and structured parking.
- Approximately 0.49 acres across three parcels with existing income-producing duplex.
- Excellent access to SR-512 and major arterials with traffic counts exceeding 95,000 VPD nearby.
- Surrounded by retail, hospitality, and healthcare amenities in a high-demand corridor.
Executive Summary
This offering presents a rare opportunity to acquire a 0.49-acre development site in the heart of Puyallup, Washington, located near the MultiCare Good Samaritan Hospital and within close proximity to major transportation routes, including State Route 512. The property consists of three contiguous parcels and includes an existing duplex generating income, providing immediate revenue while future development plans are finalized.
The site is zoned CG (General Commercial), allowing for a wide range of commercial and hospitality uses. Conceptual massing studies have been completed, illustrating potential for a multi-story hotel or mixed-use development. Two design options are available: one supporting approximately 28,912 SF with 24 parking stalls, and another supporting approximately 40,413 SF with 34 stalls. Both concepts incorporate efficient layouts and modern amenities, maximizing the site’s development potential.
Located near the Washington State Fairgrounds and surrounded by retail, lodging, and healthcare facilities, this property benefits from strong traffic counts and a robust local economy. With conceptual drawings and a survey available, this site is well-positioned for investors or developers seeking a high-visibility project in a growing market.
The site is zoned CG (General Commercial), allowing for a wide range of commercial and hospitality uses. Conceptual massing studies have been completed, illustrating potential for a multi-story hotel or mixed-use development. Two design options are available: one supporting approximately 28,912 SF with 24 parking stalls, and another supporting approximately 40,413 SF with 34 stalls. Both concepts incorporate efficient layouts and modern amenities, maximizing the site’s development potential.
Located near the Washington State Fairgrounds and surrounded by retail, lodging, and healthcare facilities, this property benefits from strong traffic counts and a robust local economy. With conceptual drawings and a survey available, this site is well-positioned for investors or developers seeking a high-visibility project in a growing market.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 0.49 AC |
| Zoning | CG - Commercial General | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.49 AC |
| Zoning | CG - Commercial General |
1 Lot Available
Lot
| Price | $1,000,000 | Lot Size | 0.49 AC |
| Price Per AC | $2,040,816.33 |
| Price | $1,000,000 |
| Price Per AC | $2,040,816.33 |
| Lot Size | 0.49 AC |
Development Site Near Good Samaritan Hospital
Description
The property consists of three parcels totaling approximately 0.49 acres located on 2nd Street SE in Puyallup, Washington. It is situated near the intersection of 14th Avenue SE and 2nd Street SE, adjacent to commercial and residential uses. The site is in close proximity to MultiCare Good Samaritan Hospital and the Washington State Fairgrounds. Access to State Route 512 is nearby, providing regional connectivity. The property is currently improved with a duplex structure. Zoning is General Commercial (CG). Conceptual development plans have been prepared for potential hotel or mixed-use projects.
Property Taxes
| Parcel Numbers | Improvements Assessment | $58,600 | |
| Land Assessment | $653,600 | Total Assessment | $712,200 |
Property Taxes
Parcel Numbers
Land Assessment
$653,600
Improvements Assessment
$58,600
Total Assessment
$712,200
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