Aggressive development area AND in an OPPORTUNITY ZONE! City supports higher density zoning in this area. 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. Seller will BUILD TO SUIT. Opportunity Zone investments presents the investor/developer substantial tax benefits & deferred tax obligations. Forest Song Apartments, across the street, currently in the development process. 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.
