16219 64Th St E Sumner, WA 98390
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.
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
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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.