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20106 2nd Ave E 1.43 Acres of Commercial Land Offered at $795,999 in Spanaway, WA 98387

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INVESTMENT HIGHLIGHTS

  • Property offered As-Is, Where-Is with full flexibility to restructure leases and reposition the asset
  • Ideal for an experienced investor to stabilize and maximize returns

EXECUTIVE SUMMARY

Investor Value-Motivated Seller. Mobile home park available immediately. Seller just took over after a long family situation and wants it sold. Key points: Tenants have not paid rent in over a year. Tenants want to stay ( too costly to move their homes). No leases currently in place. Full freedom to restructure. Property sold As-Is, Where-Is. Big upside for experienced investors. 5 mobile home spots, 5 septic's, 4 homes existing in a cul-de-sac, 1 of them is owned by the park. One site is ready for a new home! 2 wells shared. Put a brand new home for yourself on the large vacant area! Or put a whole new community in. 3 tax parcels.

PROPERTY FACTS

Price $795,999
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 1.43 AC
Zoning MSF

1 LOT AVAILABLE

Lot

Price $795,999
Price Per AC $556,649.66
Lot Size 1.43 AC

DESCRIPTION

This offering consists of a mobile home park investment opportunity situated on approximately 62,290 SF (˜1.43 acres) across three tax parcels. The property includes five mobile home pads, with four existing homes and one vacant pad ready for development. Two shared wells and five septic systems are in place, along with public water access. The asset is being sold As-Is, Where-Is, providing full flexibility for an experienced investor to reposition and stabilize operations. Current tenants have not paid rent in over a year, and no leases are in place, creating a unique opportunity to restructure tenancy and maximize returns.

  • Listing ID: 38624921

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 20106 2nd Ave E, Spanaway, WA 98387

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