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Property profile & analytics
FOR SALE
Commercial real estate

16219 64Th St E Sumner, WA 98390

Built 1920
Property ID
US90-0853825
No photos on file
For Sale
$799,950
16219 64Th St E, Sumner, WA 98390
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Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Year built 1920
UPID US90-0853825
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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