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Property profile & analytics
OFF-MARKET
Land

0 Railroad Ave Hoquiam, WA 98571

12.56 ac lot
Property ID
Property summary
AI-generated overview

Exceptional opportunity to acquire 12.56 acres of commercial land in Pacific Beach, Washington. This unique property, comprised of three parcels (APN: 201220130100, 201220210020, and 201217340010), boasts over 3,000 feet of direct ocean frontage ranging from 119 to 160+ feet wide. Situated on Railroad Ave, with a former railroad right-of-way bordering the property, this land offers significant development potential. The R3 Resort Residential and Commercial zoning allows for diverse uses, including retail development in the downtown area, an RV park, or a tiny house village. The property sits at an elevation of 25+ feet, providing breathtaking ocean views. A 600-foot easement accommodates underground cables. The possibility exists to reconfigure the land into 3 or 4 parcels through Boundary Line Adjustment (BLA). Located within an Opportunity Zone, this property presents a compelling investment opportunity. Older reports are available upon request. Asking price is $495,000 ($1.10/sq ft). Please contact Grays Harbor Title Co. for title information.

Property profile
Verified
Property type Land
Lot 12.56 ac (547,114 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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