1061 & 1083 Hull Ave #32411366

1061 & 1083 Hull Ave Port Orchard, WA 98366

1061 & 1083 Hull Ave, Port Orchard, WA, 98366
1061 & 1083 Hull Ave, Port Orchard, WA, 98366 1061 & 1083 Hull Ave, Port Orchard, WA, 98366 1061 & 1083 Hull Ave, Port Orchard, WA, 98366 1061 & 1083 Hull Ave, Port Orchard, WA, 98366 1061 & 1083 Hull Ave, Port Orchard, WA, 98366
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,500,000
Last Verified:
Oct 20, 2022

Highlights

  • - 2.7 acres
  • - R2 zoning
  • - Potential for 100+ units
  • - Minutes to the waterfront

Description

New multi-family site now available in Port Orchard. Amazing opportunity to acquire a 2.7-acre site in the heart of Port Orchard. The Sellers have put together a site plan and met with the City of Port Orchard and determined that upwards of 100 units could be possible here. The City’s preference is for more dense multi-family projects as the need for housing is outpacing what is available on the market. With a vacancy rate of less than 2%, Port Orchard’s rents are rising, and demand is still growing. The site backs up to a greenbelt that creates a great backdrop for the development. Minutes to the waterfront and easy access to the freeway this could be the next big multi-family development to add to the exponential growth in this community. Call our office today to learn more about the site.

Port Orchard city limits, close to waterfront

Building Size: 0sq ft
Building Class: A
Lot Size: 2.7 acres

Map of 1061 & 1083 Hull Ave, Port Orchard, WA, 98366

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.