Aggressive development area AND in an OPPORTUNITY ZONE! Submitted for R3 rezone. City supported rezone. Rezone expected summer 2025. Land ready to develop. City encouraged a site-specific re-zone to R3 for a potential 100+\- units. Up to 32 Townhouse units a possibility under current zoning. Strong Demand for housing created, in part, by PSNS billion dollar upgrade. Seller will BUILD TO SUIT. Opportunity Zone investments presents the investor/developer substantial tax benefits & deferred tax obligations. Great location, EZ access to Hwy 16, downtown PO and the ferry to Bremerton & Seattle. Buyer needs to do its due diligence to determine the great potential this property has for the price.
Listing Provided Courtesy of Donn T. Hughes, Old Towne Realty
General Information
NWM2354046
Land
78
DOM
2.7 acres
0
Multi-F
Kitsap
East Port Orcha
Cedar Heights J
So. Kitsap High
Land
Land
Listing Provided Courtesy of Donn T. Hughes, Old Towne Realty
Krishna Realty data last checked: Jun 21, 2025 17:47 | Listing last modified Apr 05, 2025 02:47,
Source:
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Residence Information
0
42 - Multi-Family
Features and Utilities
In Street
In Street
Financial
1673
Cash Out, Conventional
04-04-2025
Comparable Information
78
78
Cash Out, Conventional
$960,000
$960,000
Apr 05, 2025 02:47
Schools
Elementary : East Port OrchaN/ARatings Middle : Cedar Heights J N/ARatings High : So. Kitsap HighN/ARatings
Aggressive development area AND in an OPPORTUNITY ZONE! Submitted for R3 rezone. City supported rezone. Rezone expected summer 2025. Land ready to develop. City encouraged a site-specific re-zone to R3 for a potential 100+\- units. Up to 32 Townhouse units a possibility under current zoning. Strong Demand for housing created, in part, by PSNS billion dollar upgrade. Seller will BUILD TO SUIT. Opportunity Zone investments presents the investor/developer substantial tax benefits & deferred tax obligations. Great location, EZ access to Hwy 16, downtown PO and the ferry to Bremerton & Seattle. Buyer needs to do its due diligence to determine the great potential this property has for the price.
