795 E 112th St
Tacoma, WA 98445
Five-Twelve Development · Land For Sale · 16.98 AC

Five Twelve Development presents a multifamily land opportunity at 623 112th Street E in the Parkland/Tacoma area of Pierce County, Washington. The offering consists of approximately 16.8 acres of total site area, including roughly 10.2 usable acres, with UCOR (Urban Corridor) zoning that permits multifamily development and supports a density range of 12 to 60 units per acre. The site's flat topography and large contiguous footprint provide flexibility for a variety of multifamily development strategies and allow for efficient site planning, amenity integration, and phased construction.
A key attribute of the property is the completion of wetland mitigation and the recording of a short plat that separates the designated wetland area from the usable development acreage. This completed environmental and platting work reduces entitlement uncertainty and allows a future developer to focus on advancing project design and approvals. The property remains unentitled, offering the next owner flexibility in determining the ultimate development program.
The site benefits from direct access to major regional transportation infrastructure. Located near the interchange of SR-512 and Pacific Avenue (SR-7), the property provides connectivity to I-5, Tacoma, Lakewood, Joint Base Lewis-McChord, and the broader South Puget Sound region. The location is also served by Pierce Transit's Stream Bus Rapid Transit line, including a nearby stop at Pacific Avenue and 112th Street with connections to Tacoma Dome Station and regional transit services. The combination of development scale, multifamily zoning, completed wetland mitigation, and transportation access positions the property as a significant residential development opportunity within South Pierce County.