126 Lilac Lane
- • Zoned R10 – City of Bremerton
- • Potential for up to 16 townhomes
- • Approx. 1.5 acres of development land
- • 3 existing homes providing income
- • Utilities available, including sewer extended through site
- • Site plan / short plat layout in place
Property Description
This offering presents a rare opportunity to acquire a strategically positioned residential asset in the City of Bremerton that blends immediate income generation with significant future development potential. The property includes three existing single-family homes situated on individual lots, providing flexibility for continued rental income, resale, or phased redevelopment. In addition to the existing improvements, approximately 1.5 acres of excess land supports a site plan designed for up to 16 townhomes. The combination of in-place infrastructure, favorable zoning, and a functional layout creates a clear path toward development while minimizing upfront risk and entitlement timelines. This is an ideal opportunity for investors or developers seeking a property that offers both stability and scalability, allowing for multiple execution strategies depending on investment goals.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $1,950,000 |
| Lot Size: | 2.53 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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