This home anchors a 1.53 acre, 8 parcel development opportunity w/views of Budd Bay, Marina, Olympics, Capitol & Black Hills. Currently home generates monthly income for investment partners pursuing development as either a 40 unit apartment complex or 17 view townhomes with 3 townhomes on Pear/Prospect lots. Developers are near completion on permitting for townhouse project and will consider a joint venture or cash out including plans, surveys and permitting in process. There is also an opportunity for a fractional ownership/partnership investment for either multi-family apartment complex or townhouse project. Townhouse community plans submitted to City available for review. Outstanding location with views and proximity to city amenities.
Property Map
Fronts East Bay Drive on West Side adjacent to Holiday Apartments and Pear and Prospect on East Side.
Listing #132279981 Courtesy of Cynthia Niles of Pettit Realty LLC. Last Updated: December 27, 2022.
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