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Investment Highlights
- Two High Density Residential parcels totaling approximately 3.3 acres, supporting phased or standalone development options.
- Larger parcel provides interim income with existing structures and opportunity for additional leasing during planning.
- HDR zoning accommodates various residential uses and configurations, subject to city approvals.
- Convenient access to Highway 2 and established Sultan community infrastructure, including schools and recreation areas.
- Utilities accessible in the immediate area, enhancing feasibility for infrastructure connection and efficient site planning.
- Close-in location offers balance of suburban living with connectivity to regional employment hubs.
Executive Summary
Exceptional opportunity to acquire two High Density Residential (HDR) parcels totaling approximately 3.3 acres in Sultan, Washington. These properties offer flexible options for developers seeking phased residential development or individual acquisition of each parcel. Situated in an established neighborhood minutes from downtown Sultan and providing immediate access to Highway 2, the location delivers both convenience and connectivity to regional employment centers and surrounding communities.
The front parcel at 515 High Avenue is approximately 0.69 acres and features buildable area with utility services available, supporting efficient infrastructure connection and site planning. The larger parcel, located at 717 High Avenue, spans approximately 2.61 acres and includes an existing single-family home and accessory structure, currently generating interim rental income with additional leasing potential during entitlement and planning stages. HDR zoning allows a range of residential configurations, including single-family and higher-density options, subject to city requirements.
With proximity to schools, parks, and community amenities, these parcels provide a compelling development setting in a growing submarket. Buyers are encouraged to perform due diligence regarding site design, zoning compliance, and entitlements. Both parcels can be sold together for a multi-phase project or separately, offering unique adaptability for investor or builder strategies.
The front parcel at 515 High Avenue is approximately 0.69 acres and features buildable area with utility services available, supporting efficient infrastructure connection and site planning. The larger parcel, located at 717 High Avenue, spans approximately 2.61 acres and includes an existing single-family home and accessory structure, currently generating interim rental income with additional leasing potential during entitlement and planning stages. HDR zoning allows a range of residential configurations, including single-family and higher-density options, subject to city requirements.
With proximity to schools, parks, and community amenities, these parcels provide a compelling development setting in a growing submarket. Buyers are encouraged to perform due diligence regarding site design, zoning compliance, and entitlements. Both parcels can be sold together for a multi-phase project or separately, offering unique adaptability for investor or builder strategies.
Property Facts
| Price | $2,195,000 | Number of Properties | 2 |
| Sale Type | Investment | Individually For Sale | 2 |
| Status | Active | Total Land Area | 3.30 AC |
| Price | $2,195,000 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Land Area | 3.30 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
|
HDR Development Opp with Existing Income
717 High Ave, Sultan, WA 98294 |
Land | 2.61 AC | $1,600,000 |
|
HDR Development Opportunity
515 High Ave, Sultan, WA 98294 |
Land | 0.69 AC | $595,000 |
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515 & 717 High Ave Sultan, WA 98294
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