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2801 Redwood St - Milton Development Site 4.04 Acres of Residential Land Offered at $4,743,550 CAD in Milton, WA 98354
Investment Highlights
- Zoning Upside
- All Utilities Located on or near site
- Multiple Access Points
- Demand Fueled by Southward Migration from King County
- Excellent Regional Connectivity in a Development Friendly Municipality
- Use Flexibility and Incentives
Executive Summary
The Milton Development Site offers a prime ±4.04-acre multifamily development opportunity with exceptional access, strong neighborhood amenities, and meaningful land-use flexibility. Located near Interstate 5, State Route 161, F and State Route 99, the property provides direct connectivity to major employment nodes while sitting within close reach of everyday retail, grocery, and service amenities that support renter convenience. The site features multiple access points and has major utilities available on or near the property, simplifying the development process. Importantly, the City of Milton has shown a favorable stance toward new development, and the zoning framework provides flexibility for multifamily use with added bonuses available for senior housing, creating multiple viable development pathways and enhancing the site’s long-term potential.
Positioned in a submarket bolstered by continued southward migration from higher-priced King County, the site is well aligned with growing demand for quality, attainably priced suburban housing. The immediate area offers limited competing apartment supply, heightening the site’s ability to achieve strong lease-up performance and sustained occupancy. Supported by solid rent comparables, established neighborhood amenities, and the option to leverage zoning incentives for senior housing, the Milton Development Site represents a highly attractive, well-located, and flexible development opportunity in an undersupplied and high-growth corridor.
Positioned in a submarket bolstered by continued southward migration from higher-priced King County, the site is well aligned with growing demand for quality, attainably priced suburban housing. The immediate area offers limited competing apartment supply, heightening the site’s ability to achieve strong lease-up performance and sustained occupancy. Supported by solid rent comparables, established neighborhood amenities, and the option to leverage zoning incentives for senior housing, the Milton Development Site represents a highly attractive, well-located, and flexible development opportunity in an undersupplied and high-growth corridor.
Property Facts
1 Lot Available
Lot
| Price | $4,743,550 CAD | Lot Size | 4.04 AC |
| Price Per AC | $1,174,146.00 CAD |
| Price | $4,743,550 CAD |
| Price Per AC | $1,174,146.00 CAD |
| Lot Size | 4.04 AC |
A prime ±4.04-acre multifamily development opportunity with exceptional access, strong neighborhood amenities, and meaningful land-use flexibility. Located near Interstate 5, State Route 161, and State Route 99.
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Property Taxes
| Parcel Numbers | Improvements Assessment | $524,366 CAD | |
| Land Assessment | $1,086,679 CAD | Total Assessment | $1,611,045 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,086,679 CAD
Improvements Assessment
$524,366 CAD
Total Assessment
$1,611,045 CAD
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2801 Redwood St - Milton Development Site
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