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    16219 64Th St Sumner, WA 98390

    For Sale
    $950,000

    Prime Sumner location, redevelopment potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity encompasses two acres of commercially zoned land in Sumner's thriving East Sumner neighborhood. Strategically located adjacent to the YMCA and directly across from the future Titus Will Ford dealership, this property boasts unparalleled visibility and accessibility. The land fronts the busy 64th Street E, ensuring high traffic exposure for any future commercial development. Currently, a well-maintained, owner-occupied residence sits on the property. This 1619 square foot home features a two-car garage and a separate shop, presenting an immediate opportunity to generate rental income while developing long-term commercial plans. The property's existing structure offers flexibility, allowing for potential repurposing or immediate rental income generation. The surrounding area is experiencing significant commercial growth, making this a prime location for a variety of businesses. The two-acre lot provides ample space for substantial development, catering to a wide range of commercial ventures. This is a rare chance to acquire a property with both immediate income potential and significant long-term redevelopment possibilities in a rapidly expanding commercial corridor. The asking price is $950,000.

    Property Features for 16219 64Th St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.2124
    Latitude
    47.19931

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Sumner location, redevelopment potential.
    Where is this commercial real estate located?
    The property is located at 16219 64Th St Sumner, WA.
    What is the asking price?
    The asking price for this property is $950,000.
    (360) 851-1085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16219 64Th St Sumner, WA 98390
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