0 Tjerne Pl Monroe, WA 98272
This exceptional 11.04-acre development site in Monroe, Washington, presents a unique opportunity for mixed-use construction. Located in a well-established commercial district with convenient access to US Highway 2, this property offers significant potential for both commercial and residential development. A new mixed-use overlay allows for the construction of a five-story building, maximizing development density and return on investment. A conceptual site plan illustrates the potential for a substantial development, encompassing approximately 231,195 square feet of mixed-use space and 54,022 square feet of retail space. The site's strategic location within the North Kelsey area, a sector identified by the city for future commercial growth, ensures strong future prospects. The city's recent revision of development plans for Tjerne Place further underscores its commitment to supporting new construction in this area. This property offers flexibility, with the ability to be sold as a whole or divided into smaller parcels to suit individual development needs. This is a rare opportunity to acquire a large, strategically located parcel in a thriving Washington community, ready for immediate development. The property is zoned for mixed-use development and offers direct access to US Highway 2, providing excellent visibility and accessibility. This prime location offers unparalleled potential for a variety of development projects, from residential apartments to commercial retail spaces. Don't miss this chance to capitalize on this exceptional development opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.