Log In/Sign Up
Your email has been sent.
2801 Redwood St - Milton Development Site 4.04 Acres of Residential Land Offered at $3,500,000 in Milton, WA 98354
Investment Highlights
- Zoning Upside
- All Utilities Located on or near site
- Multiple Access Points
- Demand Fueled by Southward Migration from King County
- Excellent Regional Connectivity in a Development Friendly Municipality
- Use Flexibility and Incentives
Executive Summary
The Milton Development Site offers a prime ±4.04-acre multifamily development opportunity with exceptional access, strong neighborhood amenities, and meaningful land-use flexibility. Located near Interstate 5, State Route 161, F and State Route 99, the property provides direct connectivity to major employment nodes while sitting within close reach of everyday retail, grocery, and service amenities that support renter convenience. The site features multiple access points and has major utilities available on or near the property, simplifying the development process. Importantly, the City of Milton has shown a favorable stance toward new development, and the zoning framework provides flexibility for multifamily use with added bonuses available for senior housing, creating multiple viable development pathways and enhancing the site’s long-term potential.
Positioned in a submarket bolstered by continued southward migration from higher-priced King County, the site is well aligned with growing demand for quality, attainably priced suburban housing. The immediate area offers limited competing apartment supply, heightening the site’s ability to achieve strong lease-up performance and sustained occupancy. Supported by solid rent comparables, established neighborhood amenities, and the option to leverage zoning incentives for senior housing, the Milton Development Site represents a highly attractive, well-located, and flexible development opportunity in an undersupplied and high-growth corridor.
Positioned in a submarket bolstered by continued southward migration from higher-priced King County, the site is well aligned with growing demand for quality, attainably priced suburban housing. The immediate area offers limited competing apartment supply, heightening the site’s ability to achieve strong lease-up performance and sustained occupancy. Supported by solid rent comparables, established neighborhood amenities, and the option to leverage zoning incentives for senior housing, the Milton Development Site represents a highly attractive, well-located, and flexible development opportunity in an undersupplied and high-growth corridor.
Property Facts
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 4.04 AC |
| Price Per AC | $866,336.63 |
| Price | $3,500,000 |
| Price Per AC | $866,336.63 |
| Lot Size | 4.04 AC |
A prime ±4.04-acre multifamily development opportunity with exceptional access, strong neighborhood amenities, and meaningful land-use flexibility. Located near Interstate 5, State Route 161, and State Route 99.
1 1
Property Taxes
| Parcel Number | 042004-4037 | Improvements Assessment | $175,400 |
| Land Assessment | $380,700 | Total Assessment | $556,100 |
Property Taxes
Parcel Number
042004-4037
Land Assessment
$380,700
Improvements Assessment
$175,400
Total Assessment
$556,100
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2801 Redwood St - Milton Development Site
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.