20 Xxx State Rte Oak Harbor, WA 98277
Exceptional opportunity awaits developers with this prime 3.56-acre multifamily property in Oak Harbor, Washington, listed at $1,375,000. Boasting spectacular easterly views over Oak Harbor, this gently sloping land presents a unique development prospect. The property, identified by APN numbers R13203-013-2900 & R13203-33-3060, is conveniently located off Southwest 19th Court, with city utilities readily accessible. Zoned R4, it allows for up to 22 units per acre, offering significant potential for high-density residential development. The substantial 155,074 square foot lot presents a rare opportunity, especially considering the scarcity of similarly sized R4 properties in this desirable southwest area of Oak Harbor, and the exceptional views. This location offers the potential for view condos or apartments, or a long-term hold investment strategy. The land value is $8.87 per square foot. The property's address is XXX State Route 20, Oak Harbor, WA 98277. This is a truly remarkable opportunity for those seeking a prime development site in a highly sought-after location. Currently featuring 22 units, this property is ready for your vision.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.