Property Description

Builder/Developer Opportunity in Growing Skagit County!! Zoned R-1 the potential for multiple housing units under the new Washington Housing Reform offers opportunities for higher-density residential projects. This makes the property an attractive investment for builders, developers, and investors seeking to meet growing housing demand in Skagit County. High-density 51,000+ sqft residential development infill site in the City of Mount Vernon has utilities available at the street and is conveniently located on street frontage, close to schools, shopping, and transportation corridors. This property offers significant potential for fee simple townhomes, cottage housing, missing-middle housing, stacked flats, or other residential development concepts that could yield 24-32 units, or more depending on the project. Buyers should verify development potential with the city. Recent Washington housing legislation may create opportunities for higher-density residential development than previously permitted. Data projections estimate 7,500+ new units are required county wide over the next five years to stabilize the housing market and address the housing supply gap. Secure your potential earnings NOW before this opportunity is gone!