1932 Salmonberry RdPort Orchard, WA 98366

This exceptional 12.01-acre commercial land parcel, located at 1932 SE Salmonberry Rd, Port Orchard, WA 98366 (APN 012301-3-132-2002), presents a unique investment opportunity. Zoned for Commercial Mixed Use, this property offers significant development potential. The asking price is $2,552,000. Recent approvals from the Corps of Engineers regarding drainage mitigation now allow for a substantial project, potentially encompassing a 152-unit apartment complex. This translates to an estimated $19,737 per door based on the approved Low-Density Apartment Project (LDAP). The expansive lot size provides ample space for a variety of commercial ventures, making it ideal for developers seeking a prime location in Kitsap County. The property's strategic location in Port Orchard offers easy access to major transportation routes and a thriving community. This is a rare opportunity to acquire a large, commercially zoned parcel with approved plans for a significant residential development, offering substantial returns on investment. Detailed site plans and engineering reports are available upon request. Don't miss this chance to secure a valuable asset in a rapidly growing market.