16219 64Th St Sumner, WA 98390
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 16219 64Th St
- Year built
- 1920
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sumner
- County
- Pierce
- State
- Washington
- Longitude
- -122.2124
- Latitude
- 47.19931
