Sumner 16 Units

Land: Multi-Family

0 Cherry Ave, SumnerWA 98390

Property Details

Location

Address
0 Cherry Ave, SumnerWA 98390
County
Pierce
Submarket
CBA Puyallup/Sumner
Parcels
7985100140

Building Size

Building Size

Building Details

Type
 Land: Multi-Family
Number of Buildings
Occupancy Type
Percent Occupied
Building Class
Building Status
Proposed
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.25 Acres
Land (SF)
10,803 SF
Electricity
Yes, Puget Sound Energy
Natural Gas
Yes, Puget Sound Energy
Sanitary Sewer
Yes, City, City of Sumner
Water
Yes, City of Sumner
Zoning
CBD
Lot Depth
184 ft
Lot Width
60 ft

Contacts

Current Listings

Sumner 16 Units

0.25 Acres$575,000
Cap Rate: 1%

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.

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.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

More Information

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