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2143 Bethel Rd SE - 1.92 acres for MF or TOWNHOME development 1.92 Acres of Commercial Land Offered at $1,100,000 in Port Orchard, WA 98366

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INVESTMENT HIGHLIGHTS

  • Located on Heavy Traffic area
  • Retention Sewer vault already established
  • Passive income during development planning

EXECUTIVE SUMMARY

MULTIFAMILY/TOWNHOME Site Plan Pending - Are you looking for a development opportunity in a prime location, while having the ability to receive income during the planning stage of your development project? If so, then the opportunity to purchase and develop the property at 2143-2153 Bethel Ave SE is what you have been looking for. With the full 1.92 acres deemed buildable, the 2 parcel, flexible CMU zoned property is in an ideal location on one of Port Orchard's most traveled roadways. BONUS: past installation of a stormwater retention vault on the premises gives the Buyer a leg up in the development process. The property includes two structures, one considered a tear down, and the other is an existing 1,718sf, 6 office, 2 restroom building that is move in ready, and would allow a developer the advantage of receiving passive income while navigating development. Location, income, stormwater, flat ... just some of the descriptive words that make this an opportunity too good to pass up. So schedule a tour to see for yourself.

PROPERTY FACTS

Price $1,100,000
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Fast Food
  • General Freestanding
  • Neighborhood Center
  • Office Park
  • Restaurant
  • Storefront
  • Storefront, Retail or Office
  • Strip Center
Total Lot Size 1.92 AC
Opportunity Zone Yes
Zoning CMU - CMU allows for Townhome, Multifamily and Commercial uses.

1 LOT AVAILABLE

Lot

Price $1,100,000
Price Per AC $572,916.67
Lot Size 1.92 AC

Two Parcels. Generally Flat, trees to the exterior. Retention Sewer vault installed at the rear far left corner of the larger parcel. 2004 parcel includes two structures: smaller a tear down, larger has potential for income

DESCRIPTION

MULTIFAMILY/TOWNHOME Site Plan Pending- Are you looking for a development opportunity in a prime location, while having the ability to receive income during the planning stage of your development project? If so, then the opportunity to purchase and develop the property at 2143-2153 Bethel Ave SE is what you have been looking for. The near 2 acre, 2 parcel, flexible CMU zoned property is in an ideal location on one of Port Orchard's most traveled roadways. BONUS: past installation of a stormwater retention vault on the premises gives the Buyer a leg up in the development process. The property includes two structures, one considered a tear down, and the other is an existing 1,718sf, 6 office, 2 restroom building that is move in ready, and would allow a developer the advantage of receiving passive income while navigating development. Location, income, stormwater, flat ... just some of the descriptive words that make this an opportunity too good to pass up. So schedule a tour to see for yourself.

  • Listing ID: 32235175

  • Date on Market: 6/24/2024

  • Last Updated:

  • Address: 2143 Bethel Rd SE, Port Orchard, WA 98366

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