Property summary
This exceptional 8.78-acre parcel presents a remarkable multifamily development opportunity in the desirable waterfront community of Allyn, Washington. Located in Mason County, near the Case Inlet of Puget Sound, this property boasts a permitted R3 zoning designation, allowing for the construction of a substantial multifamily project. Preliminary estimates suggest the potential for 100-160 residential units, making this an attractive investment for developers seeking high-density residential development. The asking price is $650,000, translating to approximately $74,032 per acre. The land is priced at $1.70 per square foot. Conveniently located at 0 NKA, Allyn, WA 98524 (47.3506757, -122.8493277), this site offers unparalleled access to the natural beauty of Puget Sound while being strategically positioned for residential growth. Water and sewer services are readily available, simplifying the development process and reducing infrastructure costs. This is a rare chance to acquire a significant land holding in a thriving waterfront community with strong potential for substantial returns. The property's zoning and location make it an ideal candidate for a variety of multifamily developments, catering to the growing demand for housing in the area. Don't miss this opportunity to secure a prime piece of waterfront property with exceptional development potential.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning