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    6600 Old Pacific Hwy Kalama, WA 98625

    Sponsored
    For Sale
    $7,800,000

    17 Acres, 264 Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17.05-acre commercial land parcel in Kalama, Washington, presents a remarkable investment opportunity. Zoned HDR, the property is approved for a 264-unit multifamily development, with Phase 1 (76 units) underway. Over $5 million in pre-development and site work is already complete, including infrastructure such as streets and utilities. The sloped topography ensures stunning Columbia River views for all units. Building plans feature four-story wood-frame structures with Hardie plank siding and metal roofs. Each unit includes a balcony, luxury vinyl plank flooring, and a full appliance package. Conveniently located near Interstate 5, this development offers easy access to Portland, Oregon (38 miles). The final phase will include a dedicated clubhouse. The asking price is $7,800,000, with a land value of $10.50 per square foot. The property is offered fee simple with APN 411460100. This is a prime opportunity to capitalize on a thriving market and a well-planned, partially completed development.

    Property Features for 6600 Old Pacific Hwy

    General Information

    Property type
    Land
    Lot Size
    742,698 SF

    HighLights

    • 264‑unit multifamily development opportunity (Phase 1: 76 units underway).
    • Four‑story wood‑frame buildings with Hardie plank siding and metal roofs.
    • Units feature balconies with Columbia River views, luxury vinyl plank flooring, and full appliance packages.
    • Sloped topography provides river views for all units.
    • Excellent I‑5 access, 38 miles from Portland, OR.
    • Over $5 million in pre‑development and site work completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalama
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.8357532
    Latitude
    45.9975806

    Nearby Comparable

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      Kalama Multifamily Development Opportunity

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    Nearby Similar for Sale

    • New
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      Kalama River Waterfront Property

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    • New
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      Remodeled Duplex in Kalama, WA

      Turn-key duplex with updated features, ideal for investors or owner-occupants.
      1002 Cedar St, Kalama, WA 98625
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    • $142,000

      Serene 3-Bedroom Home in Kalama

      Wooded manufactured home with fireplace, covered patio, and included appliances.
      6420 Old Pacific Hwy, Kalama, WA 98625
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      Historic Kalama Mixed-Use Gem

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    FAQs

    What type of property is this?
    Land - 17 Acres, 264 Unit Potential
    Where is this land located?
    The property is located at 6600 Old Pacific Hwy Kalama, WA.
    What is the asking price?
    The asking price for this property is $7,800,000.
    What are key features of this property?
    This property features: 264-unit multifamily development opportunity (Phase 1: 76 units underway).; Four-story wood-frame buildings with Hardie plank siding and metal roofs.; Units feature balconies with Columbia River views, luxury vinyl plank flooring, and full appliance packages.
    Request Owner's contact information
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    Kalama, WA 98625
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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
    6600 Old Pacific Hwy Kalama, WA 98625
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