xxxx S Peasley Canyon Road
About This Property
Marketing description
Westlake Associates, Inc. is pleased to exclusively list for sale the Auburn/Federal Way Single Family/Townhome Development Site. The site is perfectly positioned on the western side of Auburn towards Federal Way making is easy to access Highway 167 and Interstate 5. This site consists of two contiguous parcels just north of S 321st Street on the Auburn side. The westerly parcel is 29,125 square feet and zoned R18. The easterly parcel is approximately 3 acres and zoned R4. The R18 zoned parcel can accommodate approximately 10 Townhouses and the R4 parcel could accommodate approximately 8-10 traditional single-family homes. Both the townhomes and traditional single-family homes would have territorial views and would likely feature some nice open space where one could add a small park (Buyer to Verify to their own satisfaction). This site offers a developer the opportunity to build a quality/higher end project in an area where the supply of new construction homes is limited.
Investment highlights
• Potential to Build 10 Townhomes and 10 Single-Family Homes (Buyer to Verify)
• New Development will Feature Territorial Views
• Limited Supply of New Construction Homes in Immediate Area
• HIGH Demand for New Construction Throughout Puget Sound Area
• Along the I-5 Corridor - Light Rail Station Now In Service
• Easy Access to Highway 167 and Interstate 5
• Nearby Grocers include: Trader Joe’s, Safeway, Amazon Fresh and Grocery Outlet
• Nearby Bars/Restaurants include Black Bear Diner, Mama Stortini's Restaurant/Bar, Village Inn, Billy McHale’s, Pac Island Grill, The Chopped Leaf, Jimmy Mac’s Roadhouse
• Near Saltwater State Park, Steel Lake Park, Celebration Park, and Star Lake
• Close to Westfield Shopping Center and The Commons at Federal Way
• Close Distance to Highline College
• Less than 20 Miles from Seattle, Bellevue, and Tacoma
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