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16313 64th St E - Commercial Property 2.18 Acres of Commercial Land Offered at $895,000 in Sumner, WA 98390

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INVESTMENT HIGHLIGHTS

  • House and storage buildings
  • Current rental income
  • Close proximity to Hwy 410
  • Seller financing available

EXECUTIVE SUMMARY

The rental house has two tenants and generates about $3800 per month in rental income. Sellers will consider seller financing for qualified buyers.

PROPERTY FACTS

Price $895,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Auto Repair
Total Lot Size 2.18 AC
Zoning General Commercial - General Commercial (ESUVGC), Retail and Multifamily allowed

1 LOT AVAILABLE

Lot

Price $895,000
Price Per AC $411,399.68
Lot Size 2.18 AC

1,984 SF house and 2,050 SF storage building on the property.

DESCRIPTION

Seller Financing Available!!!! Introducing an exceptional development opportunity at 16313 64th Street East in Sumner! This prime 2.18-acre commercial land is perfect for retail and multifamily ventures, boasting a sale price of $949,000. Situated adjacent to the Gordon Family YMCA, the property includes a 1,984 SF house, a 2,050 SF storage building, and current rental income. With General Commercial zoning in the East Sumner Urban Village, this plot offers immense potential. Benefitting from proximity to Hwy 410, Bonney Lake, and Lake Tapps, it provides an excellent location for a range of businesses. The parcel is served by city utilities and offers an appealing demographic profile, projecting a population of 139,960 within 5 miles, with an average household income exceeding $100,000. Seller Financing for qualified parties. Don't miss this chance to secure a strategic location for your next project! For further information or to explore this property's full potential, inquire now.

  • Listing ID: 28729580

  • Date on Market: 6/12/2023

  • Last Updated:

  • Address: 16313 64th St E, Sumner, WA 98390

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