Lilac Ln Income and Development Opportunity

Investment Overview

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.

Investment Highlights

• • 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