Phased Residential Development Opportunity | Two HDR Parcels | Sultan

Exceptional opportunity to acquire two strategically positioned High Density Residential (HDR) parcels in Sultan, Washington, offering flexibility for a range of residential development approaches in a growing submarket. Located just minutes from downtown Sultan with convenient access to Highway 2, the properties benefit from proximity to schools, services, and established residential development. The offering includes a front parcel at 515 High Ave (~0.69 acres total, with approximately 0.50 acres of usable/buildable area due to easement; buyer to verify) and a larger rear parcel at 717 High Ave (~2.61 acres; buyer to verify). Together, these properties present a unique opportunity for a phased development approach or separate project execution. The front parcel features a more accessible configuration with utility infrastructure available in the immediate area, supporting a potentially more efficient path to development. The larger rear parcel provides additional scale and flexibility for future planning and design. The 717 High Ave parcel includes an existing residence and additional structure currently generating approximately $2,900 per month in rental income, offering interim cash flow while planning or entitlement work is underway. The site also backs to Sultan High School, providing proximity to established community infrastructure and reinforcing its appeal for residential use. Both parcels are generally level, supporting efficient site planning and construction. While the parcels are not contiguous, their proximity and shared utility context contribute to overall development efficiency within the same immediate area. Zoned HDR, the properties allow for a range of residential uses, including single-family and other higher-density configurations, subject to city requirements. Buyers are encouraged to conduct their own due diligence regarding development potential, permitted uses, and site design. Both parcels are available for purchase individually or together, providing flexibility for a variety of acquisition and development strategies. Buyer to verify all information, including but not limited to acreage, buildable area, utility availability, zoning, and development potential.