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Abbey Childers

abbey@thekitsapagent.com +1(360) 986-9826

Listed by:Pellego, Inc. • Nova Miraflor

$ 950,000

Est. payment | -/mo

3 Beds

1.5 Baths

1,152 SqFt

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$ 950,000

Est. payment | -/mo

Save

3 Beds

1.5 Baths

1,152 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,152 sqft

Price per Sqft $824

Subdivision University Place

MLS Listing ID 2573684

Style 10 - 1 Story

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1958

Annual Tax Amount $5,495

Lot Size 0.436 Acres

Property Sub-Type Single Family Residence

Property Description

Rare opportunity in the heart of University Place! Take over the Seller's vision for a proposed 16-bed assisted living facility, or explore other development possibilities on this exceptionally positioned property. Seller has already invested substantial time and resources into architectural design, engineering coordination, builder consultation, site planning, and preliminary development work—giving a buyer the opportunity to step into a project with meaningful groundwork already completed. Current schematic plans depict a two-story assisted living building with basement and rooftop deck, rear courtyard, accessible entries, parking, and a lower-level salon/health spa concept. Plans identify approximately 15,443 SF of gross building area on an approximately 18,976 SF / 0.436-acre site, with MU-N 45 zoning and R-4 Condition 2 – Assisted Living.Existing 3-bedroom, 1.5-bath home has been extensively updated with newer kitchen, roof, electrical, plumbing, LVP flooring, siding, and interior/exterior paint. Property has also been used for Airbnb/short-term rental, creating potential interim income while a buyer evaluates future development. Architectural drawings, site plans, and additional reports are available for review. A compelling opportunity for senior housing operators, builders, developers, and investors seeking a University Place location with significant preliminary work already completed. Buyer to independently verify zoning, permitting, feasibility, development costs,

Location

State WA

County Pierce

Area 35 - University Place

Rooms

Basement None

Main Level Bedrooms 3

Interior

Interior Features Dbl Pane/Storm Window, Dining Room, Walk-In Closet(s)

Flooring Softwood, Carpet

Fireplaces Type Electric

Fireplace false

Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

Exterior

Exterior Feature Metal/Vinyl

Amenities Available Cable TV, Fenced-Partially, Hot Tub/Spa, RV Parking

View Y/N Yes

View City, Territorial

Roof Type Flat,Metal

Building

Lot Description Dead End Street, Open Space, Value In Land

Story One

Sewer STEP Sewer

Water Public

New Construction No

Schools

Elementary Schools Evergreen Primary

Middle Schools Narrows View Interme

High Schools Curtis Bridge Pgm

School District University Place

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

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Abbey Childers

+1(360) 986-9826

abbey@thekitsapagent.com

3311 Bridgeport WAY W University Place, WA 98466

Abbey Childers

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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3311 Bridgeport WAY W