Incredible investment opportunity. This expansive 1.72-acre property, zoned urban multifamily residential, consists of two parcels being sold together and offers exceptional potential for builders and developers. Ideal for a thoughtfully designed multi-family community(14-16), the land provides a versatile and highly desirable canvas. The property includes two available sewer hookups, adding significant value and development flexibility. Ideally located just off Meridian, the property offers convenient access to local amenities, schools, entertainment, and major transportation routes. With ample space to support creative design and future growth, this is a rare opportunity to maximize value in a thriving and sought-after area for investors.
Price recently adjusted to $599,000 as land-use permits advance. Site plans approved with land use permits advancing—approximately 2–3 months from permit-in-hand. Attractive seller financing available. Level 1.16-acre parcel with approved plans for a 5,000 SF warehouse featuring roll-up doors. Zoned Milton Business, allowing office, retail, business services, medical/dental, animal services, automotive, daycare, food service, and more (self-storage not permitted). All major due diligence is complete, including wetland report and delineation, SEPA, survey, and site survey. Utilities are available at the street. Western portion of the parcel is designated for building. Located adjacent to Bridge Point 80 with direct I-5 access, and just minutes to Sea-Tac Airport and Tacoma. Prime shovel-ready development opportunity in a high-demand logistics corridor.
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Milton is located in Washington. Milton, Washington has a population of 8,501. Milton is less family-centric than the surrounding county with 25.11% of the households containing married families with children. The county average for households married with children is 32.93%.
The median household income in Milton, Washington is $81,690. The median household income for the surrounding county is $82,574 compared to the national median of $69,021. The median age of people living in Milton is 37.3 years.
The average high temperature in July is 77.2 degrees, with an average low temperature in January of 36.3 degrees. The average rainfall is approximately 40.9 inches per year, with 4.8 inches of snow per year.