Listing Agency: SOUTHCLIFFE

Listed By: Nick Wright · License #872011444

Source: Crexi

Added: Feb 21, 2024 Changed: Aug 14 Last Checked: Aug 14 at 7:05AM

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Investment Insights

Based on property information with market context.

This property features 15 acres of subdividable commercial pad sites. The land is zoned C-3, which allows for various uses including autos/RV and retail. The location benefits from its proximity to the Simon Regional Mall and other national retailers. The seller is willing to create lot sizes to fit specific development needs. City services are accessible on Tapteal Drive. The property has frontage on Highway 240, which experiences high traffic volume. It is situated between Steptoe Street to the west and Columbia Center Boulevard to the east. A new extension of Center Parkway has recently been completed, linking the back side of the Simon Mall and heavy retailers down to Tapteal Drive, increasing traffic and frontage exposure.

Property Analytics

Property Profile

Current Use

Les Schwab Tire ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Veterinary Clinic Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,331

Businesses Nearby

Explore this area Business Placement

Demographics for 99352, WA

35,762

Population

15,522

Households

2.3

Avg Household Size

38

Median Age

48%

College-Educated

96%

High-School Grad

24.0 sq mi

ZIP Area

1,490

Density / Sq Mi

$96,875

Median Household Income

$65,348

Median Earnings

$1,457

Median Rent

$442,100

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - 15 acres of commercial land for sale, great development opportunity.

Where is this commercial 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.