$950,000
 $5,100 est/mo Sourced by Back At You

3311 Bridgeport Way,University Place, WA 98466

University Place, WA 98466

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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,

Details

MLS #2573684
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1958
Days On Site8
Listing Provided ByPellego, Inc. | Nova Miraflor

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,152
Story(s)1
ZoningUP
Acreage0.44
Property ViewYes

Taxes

Property5495

Area Information

StateWA
CountyPierce
CityUniversity Place
Zip Code98466
Area35 University Place
Community NameUniversity Place
School DistrictCurtis Bridge Pgm
Elementary SchoolEvergreen Primary
High SchoolCurtis Bridge Pgm
Listing VS Median (in University Place)
Price:
$950,000
low | high
Med:
$675,000
78.947368421053% of Average
sqft:
1,152
low | high
Med:
2,557
71.961805555556% of Average
$ / sqft:
$825
low | high
Med:
$266
100% of Average
On site:
8
low | high
Med:
110.5
7.239819004525% of Average
Sourced by Back At You

Market Activity 98466

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Learn More About This Property

StateWA
CountyPierce
CityUniversity Place
Zip Code98466
Area35 University Place
Community NameUniversity Place
School DistrictCurtis Bridge Pgm
Elementary SchoolEvergreen Primary
High SchoolCurtis Bridge Pgm
Listing VS Median (in University Place)
Price:
$950,000
low | high
Med:
$675,000
78.947368421053% of Average
sqft:
1,152
low | high
Med:
2,557
71.961805555556% of Average
$ / sqft:
$825
low | high
Med:
$266
100% of Average
On site:
8
low | high
Med:
110.5
7.239819004525% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $712K - $1.187M
sqft: 864 - 1,000
Listing Updated: August 28, 2026 at 4:14:00 AM PDT