16313 64Th St East Sumner, WA 98390
For Sale
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Introducing an exceptional development opportunity at 16313 64th Street East in Sumner! This prime 2.18-acre commercial land is perfect for retail and multifamily ventures, boasting a sale price of $895000. Situated adjacent to the Gordon Family YMCA, the property includes a 1,984 SF house, a 2,050 SF storage building, and current rental income. With General Commercial zoning in the East Sumner Urban Village, this plot offers immense potential. Benefitting from proximity to Hwy 410, Bonney Lake, and Lake Tapps, it provides an excellent location for a range of businesses. The parcel is served by city utilities and offers an appealing demographic profile, projecting a population of 139,960 within 5 miles, with an average household income exceeding $100,000. Seller Financing to qualified parties. Don't miss this chance to secure a strategic location for your next project! For further information or to explore this property's full potential, inquire now.
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.
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.