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    OFF-MARKET
    Land

    503 Monroe St, South Bend, WA 98586

    0.84 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.84-acre commercial lot in South Bend, Washington, presents a unique multifamily development opportunity. Zoned for Downtown and Commercial District use, the property is approved for the construction of a 15-unit apartment building. The lot boasts a desirable location, just one block from Highway 101, offering convenient access to major transportation routes. Several units will enjoy river views. Public utilities are readily available at the street. The property is situated within the city limits of South Bend, a town with a population exceeding 1,700, and is within a 3-mile radius of essential services including Willipa Harbor Public Hospital, restaurants, banks, healthcare facilities, motels, shopping centers, grocery stores, and hardware stores. The larger Pacific County boasts a population of over 24,000 (2021 census data). For those seeking larger city amenities, Interstate 5 (Chehalis) is approximately 40 miles east, Vancouver, WA is 120 miles away, and Long Beach is a 40-minute drive. Adding to its appeal, the property is within walking distance of a new school, maintaining a charming small-town atmosphere. The asking price for this prime development site is $299,000.

    Property profile
    Verified
    Property type Land
    Lot 0.84 ac (36,590 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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