10616 8 Avenue S

A building permit has been issued, WITH OWNER FINANCING. allowing immediate commencement of construction. Additionally, owner financing is available. This property offers multiple development pathways, supported by recent regulatory changes and strong long-term upside: Option 1: Short Plat Development (3 Lots) A 3-lot short plat application has been submitted to King County. The buyer may proceed with constructing a residence on the proposed Lot 1 while the short plat approval process is underway. This approach allows for efficient use of time and capital, enabling phased development and future lot disposition or build-out upon approval. Option 2: Build Without Short Plat – Utilize Updated Zoning Density Alternatively, the buyer may elect to construct a single residence without pursuing the short plat. King County has recently updated its Comprehensive Plan and zoning regulations to comply with state-mandated housing requirements. Given that the subject property is located within one-half (½) mile of a frequent transit stop (S 112th Street), it may qualify for increased residential density allowances. This creates the potential for additional units per acre under current zoning provisions All development scenarios, density allowances, and regulatory interpretations are subject to verification by the buyer.This is a rare opportunity to secure a permit-ready project with flexible financing