Property Description

Exceptional Mixed-Use Development Opportunity. Position yourself at the forefront of one of the region's most promising growth corridors. This rare mixed-use development opportunity offers the potential for approximately 169 residential units combined with 66,900 square feet of commercial frontage along highly visible Highway 505. Surrounded by significant economic expansion, the property is strategically located near the Benaroya Pacific Northwest Regional Logistics Center and other major employment and infrastructure investments driving long-term demand for housing and commercial services. Adding to the area's momentum, the neighboring property is slated for a 91-home residential community. Preliminary mixed-use concepts were developed through a pre-application meeting with the city, providing valuable insight into the site's development potential. Existing infrastructure includes water and sewer in the street, with a recently granted easement for new electrical service and fiber-optic internet, helping streamline future development. Held by the same family for over 50 years after being acquired from the original homesteaders, this is a rare opportunity to acquire a legacy property with exceptional upside. The offering includes two tax parcels. Buyers are encouraged to request all development plans, reports, and supporting documents from their real estate professional.