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.
MLS# | 2354046 |
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Listing Type | For Sale |
Style | Farm or Ranch |
Building Name | Fernwood Ridge |
Sub-Type | Resale |
Status | Active |
Days On Site | 24 |
Listing Provided By | Old Towne Realty | Donn T. Hughes |
Zoning | R2 |
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Acreage | 2.70 |
Property View | Yes |
State | WA |
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County | Kitsap |
City | Port Orchard |
Zip Code | 98366 |
Area | 143 Port Orchard |
Community Name | Port Orchard |
School District | So. Kitsap High |
Elementary School | East Port Orchard El |
Middle School | Cedar Heights Jh |
High School | So. Kitsap High |
Listing VS Median (in Port Orchard) | |
Price: $960,000 low | high Med: $507,972 On site: 24 low | high Med: 319 |