15800 62Nd Ave, Gig Harbor, WA 98332
This 0.26-acre residential lot presents a fantastic opportunity in Gig Harbor, Washington. Located just off Highway 16 in a quiet neighborhood, this property offers privacy and convenience. Situated south of the Kitsap/Pierce County line, it's a short 12-minute drive to Gig Harbor and 15 minutes to Port Orchard. The lot measures 11,326 square feet and boasts a public water meter already installed. Electricity is available on the street, however, natural gas is not. A permit application for a three-bedroom septic system, including an off-site drain field easement, is currently pending approval. This land is ideal for building a new home or as a potential investment for future development. Buyers are encouraged to independently verify the feasibility of their building plans. The seller is open to owner financing or a lease option. An adjacent 0.49-acre lot, also owned by the seller, is available for purchase. Don't miss this chance to build your dream home or capitalize on this promising investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.