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Property profile

1 State Rte Beverly, WA 99321

OFF-MARKET
Land

Property summary

AI-generated overview

This exceptional 13.38-acre commercial land parcel presents a unique investment opportunity in Beverly, Washington. Located at 1 State Route 243, this property boasts a substantial 582,832 square feet of land, zoned for residential use, offering significant development potential. The property features breathtaking panoramic views of the Columbia River and Wanapum Lake, providing abundant natural light throughout the day and spectacular sunrise and sunset vistas. Situated within the Wanapum Beaches Subdivision, this high-bank waterfront property offers convenient access to a nearby boat launch to the south. The location provides easy access to multiple townships for daily necessities in various directions, and the popular Gorge Amphitheater is conveniently located to the north. The property consists of two parcels (APN 150241000) and presents an incredible opportunity for building plans. Additional adjacent lots to the south are also available for purchase, presenting the possibility of expanding the development footprint. This prime location and expansive acreage make this a truly remarkable opportunity for discerning investors seeking a high-value waterfront property with exceptional views and development potential. The asking price for this remarkable property is $480,000.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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