Sumner 16 Units
Cherry Ave, Sumner, WA 98390
Listing Details
- List Price
- $575,000
- List Price Per SF
- $52.80
- List Price Per Acre
- $2,300,000
- Cap Rate
- 1%
- List Date
- 6/08/2022
- Available Date
- 6/08/2022
- Show Instructions
- Call broker
- Listing ID
- 30955338
Sumner 16 Units
Don't miss out on one of the ONLY multi-family development sites available right in Downtown Sumner. This property is located within the town center which allows it to qualify for 8-12 year tax exemption! Majority of the preliminary work has been completed allowing a quick turn around to getting permits and breaking ground. The zoning allows for 16 units of multi-family with parking on site. This property is adjacent to the Sounder Train Station. Walking distance to Main Street in Sumner, cafes, restaurants, bars and grocery stores. It has quick access to Highway 410 & 167. With the desirability of Downtown Sumner and a huge shortage of housing, this would be a perfect property to develop or land bank for later use.
Space Details
- Total Available
- 0.25 Acres
- Primary Use
- Land
- Secondary Uses
- Multi-Family
- Investment
- Yes
Property Highlights
- Type
- Land: Multi-Family
- Size
- 0.25 Acres
- Zoning
- MF/C-5
- Submarket
- CBA Puyallup/Sumner
Contact
Josh Kumar
Windermere Real Estate/Lake Tapps
Source: Commercial Brokers Association (CBA)
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