Description
First time on the market, developer opportunity on this prime road frontage 2+ acres zoned commercial (10-30 du/ac) Sewer connected, 2" water main running to the property, 220 power, and natural gas there as well. Property offers "traffic rights" to go south onto hwy 16 under the overpass. Extra wide level driveway offers ample access. Existing home is a tear down, value & opportunity is in the land. There are billboards on the property under a current 15 year lease that generate $4k/year (through 2033) so you have income while the development awaits, a rare opportunity.
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2BEDS
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2.05ACRES
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1BATHS
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01/2 BATHS
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1,872SQFT
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$580$/SQFT
Listing Courtesy of Bremerton Real Estate Company.Description
First time on the market, developer opportunity on this prime road frontage 2+ acres zoned commercial (10-30 du/ac) Sewer connected, 2" water main running to the property, 220 power, and natural gas there as well. Property offers "traffic rights" to go south onto hwy 16 under the overpass. Extra wide level driveway offers ample access. Existing home is a tear down, value & opportunity is in the land. There are billboards on the property under a current 15 year lease that generate $4k/year (through 2033) so you have income while the development awaits, a rare opportunity.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate McKenzie Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-08-07T17:14:44.8. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2022-08-07T17:14:44.8. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.