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Property profile

16313 64Th St East Sumner, WA 98390

FOR SALE
Land
Property ID
US90-0932380
2.18 ac lot
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Property summary

AI-generated overview

Exceptional development opportunity awaits at 16313 64th Street East, Sumner, WA 98390. This 2.18-acre commercial parcel is priced at $949,000, offering significant potential for retail or multifamily development. The property boasts a highly desirable location adjacent to the Gordon Family YMCA and enjoys convenient access to Highway 410, Bonney Lake, and Lake Tapps. Zoned ESUV GC (East Sumner Urban Village, General Commercial), this land presents a unique blend of existing infrastructure and future growth potential. Currently featuring a 1,984 square foot house and a 2,050 square foot storage building, both generating rental income, this property provides immediate return on investment. City utilities are readily available. The surrounding area demonstrates strong demographics, with a projected population of 139,960 within a 5-mile radius and an average household income exceeding $100,000. Seller financing may be available to qualified buyers. The land value is $10.48 per square foot. This is a rare opportunity to acquire a strategically located commercial property in a thriving community. Don't miss this chance to capitalize on the immense potential of this exceptional offering.

Property profile

Verified
Property type Land
Lot 2.18 ac (94,961 SF)
UPID US90-0932380

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16313 64Th St East Sumner, WA 98390
Sumner metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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