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    1550 Tapteal Dr Richland, WA 99352

    Sponsored
    For Sale
    $11,761,200

    15 Acres, Central Tri-Cities, WA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15-acre commercial land parcel presents a prime development opportunity in Richland, Washington's thriving Tri-Cities area. Located at 1550 Tapteal Dr, 99352, this C-3 zoned property offers significant potential for various commercial uses, including auto sales, RV sales, and retail establishments. The land is subdividable, with the seller accommodating custom lot sizes to meet specific development needs. Priced at $18 per square foot, totaling $11,761,200, this property boasts high visibility due to its Highway 240 frontage, one of the Tri-Cities' highest traffic areas. Its strategic location benefits from proximity to Simon Regional Mall and other national retailers, ensuring strong customer traffic and excellent demographics. City services are readily available on Tapteal Dr. The recent completion of the Center Parkway extension further enhances accessibility and visibility, connecting the property to the mall and other major retailers. Two parcels have already been sold, demonstrating market demand. Steptoe Street borders the west, and Columbia Center Blvd lies to the east, providing convenient access and excellent connectivity. This is a rare opportunity to capitalize on the robust growth and strong retail environment of the Tri-Cities.

    Property Features for 1550 Tapteal Dr

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    HighLights

    • $11,761,200 asking price.
    • 15‑acre commercial land parcel.
    • Located in Richland, WA, 99352, at 1550 Tapteal Dr.
    • Zoned C‑3, allowing for various commercial uses including auto, RV, and retail.
    • Highway 240 frontage with high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Les Schwab Tire ... Tire Shop

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Wholesale Shop Auto Repair Shop Dental Office Spa & Massage Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.23702988
    Latitude
    46.23386097

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    FAQs

    What type of property is this?
    Land - 15 Acres, Central Tri-Cities, WA
    Where is this land located?
    The property is located at 1550 Tapteal Dr Richland, WA.
    What is the asking price?
    The asking price for this property is $11,761,200.
    What are key features of this property?
    This property features: $11,761,200 asking price.; 15-acre commercial land parcel.; Located in Richland, WA, 99352, at 1550 Tapteal Dr.
    Request Owner's contact information
    1550 Tapteal Dr Richland, WA 99352
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1550 Tapteal Dr Richland, WA 99352
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