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925 40th Street - RES / COML MIXED USE SITE ZONED R-MN 1.89 Acres of Commercial Land Offered at $2,225,000 in Auburn, WA 98002

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INVESTMENT HIGHLIGHTS

  • CLOSE TO SEATAC, RAIL, PORT OF SEATTLE, PORT OF TACOMA, EASY FWY ACCESS, PATH OF PROGRESS, MIXED USE, MANY POTENTIALS

EXECUTIVE SUMMARY

SELLER FINANCING AVAILABLE. SEWER EXTENSION TO PROPERTY RECENTLY COMPLETED. ALL UTILITIES TO SITE. PRISTINE SITE WITH NO REMEDIATION NEEDED. LAND LEASE COULD BE CONSIDERED. SELLER IS RETIRED DEVELOPER WHO SIMPLY NEEDS TO CREATE A STREAM OF INCOME FROM THIS ASSET AFTER 25 YEARS HOLDING AND RE-ZONING FOR THE HIGHEST AND BEST USE. MAY CONSIDER PARTIAL TRADE FOR OTHER REAL PROPERTY.
SUBMIT YOUR QUESTIONS/PROPOSALS TO OWNER/BROKER BRAD HUGHES AT 775-315-1235 to: LABRADORLAND@AOL.COM or CRAIG MILLSPAUGH AT 847-322-3622 to: CRAIG.MILLSPAUGH@YAHOO.COM.
IDEAL SITE FOR:
ASSISTED LIVING CENTER, PRIVATE SCHOOL, SMALL HI-TECH CAMPUS, I.T. SERVICE OR COMMUNICATIONS FACILITY, RESEARCH LABRATORY. CITY OF AUBURN VERY WILLING AND AGGRESIVE TO EMBRACING CLEAN INDUSTRY AND HEALTH AND EDUCATIONAL BUSINESSES. CAN ALSO BE MIXED USE RESIDENTIAL/RETAIL/COMMERCIAL.

PROPERTY FACTS

Price $2,225,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Convenience Store
  • Daycare Center
  • Distribution
  • Hold For Development
  • Hold For Investment
  • Lodge or Meeting Hall
  • Loft or Creative Space
  • Medical
  • Planned Unit Development
  • Refrigeration or Cold Storage
  • Religious Facility
  • Restaurant
  • Schools
  • Self Storage
  • Storefront
  • Storefront, Retail or Office
Total Lot Size 1.89 AC
Zoning R-NM - Mixed Use Zoning.. Multiple permitted uses including Assisted Care/Nursing Home/55+, Apartments + Retail. Day Care, Private School.

1 LOT AVAILABLE

Lot A, B, C

Price $2,225,000
Price Per AC $1,177,248.68
Lot Size 1.89 AC

R-NM ZONED. LEVEL VACANT LAND WITH FEASIBILITY STUDIES COMPLETE. CAN BE: PRIVATE SCHOOL, MIXED USE, RETAIL, COMMERCIAL, MEDICAL, RESIDENTIAL, CONVENIENCE, ASSISTED LIVING, HI TECH CAMPUS. OWC w/ 20% DOWN. (3) SEPARATE LEGAL LOTS PRICE INCLUDES ALL.

DESCRIPTION

3 SEPARATE TAX PARCELS ALL ZONED R-NM WITHIN THE CITY OF AUBURN, WA. CHOOSES TO DEVELOPE 1 or 2 AND SELL THE OTHER. LIST PRICE INCLUDES ALL 3 PARCELS. WILLING TO CO-OPERATE WITH SELLING BROKERS

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 000420-0027
  • 000420-0028
  • 000420-0010
Land Assessment
$378,000
Improvements Assessment
$0
Total Assessment
$378,000
  • Listing ID: 35493146

  • Date on Market: 4/15/2025

  • Last Updated:

  • Address: 925 40th Street, Auburn, WA 98002

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