$575,000
Sumner 16 Units
Listing Type: For Sale
Property Type: Land, Multi-Family
Status: Available
CBA ID#: 653163
0 Cherry Ave
Sumner, WA 98390

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Commercial Property

Marketing Description:

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.

Land Features:

  • Lot Size: 10803 SqFt
  • Lot Acreage: 0.250 Acres
  • Zoning: MF/C-5

Building Features:

  • Available Space: 10890 SqFt
  • Cap Rate: 0.00%
This Listing Supplied Courtesy of Windermere Real Estate/Lake Ta
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity