Narrow Street, Sumner, WA 98390

$575,000

Listing courtesy of Windermere RE/Lake Tapps, Inc.

List Price
$575,000
Status
ACTIVE
MLS#
1946803
Days on Market
540
Lot Size (sq ft)
10,798

Property 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.

Additional Information

Community
Sumner
Style
42 - Multi-Family
Zoning Jurisdiction
City
Restrictions
See Remarks
View
Partial
Sewer
In Street
Tax Year
2022
School District
Sumner-Bonney Lake
High School
Sumner Snr High
Potential Terms
Cash Out, Conventional, See Remarks
Driving Directions
Exiting from 167 to Highway 410 heading east, take first exit on to E main ave, turn right on to Thompson street, left onto Cherry ave, property is 3 blocks down on the left.
Buyer Agency Compensation
2.5
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