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    OFF-MARKET
    Land

    715 Main Ave, Wilbur, WA 99185

    189.38 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 189.38-acre commercial land parcel presents a unique investment opportunity in Wilbur, Washington, within Lincoln County. The property boasts significant highway frontage, offering unparalleled visibility and accessibility. Its strategic location offers diverse development potential, catering to a range of commercial ventures. A key advantage is its proximity to a newly constructed Dollar General store, ensuring high foot traffic and established commercial presence in the immediate vicinity. Furthermore, the development of a new 32-unit self-storage facility, along with plans for two more similar facilities in Spring 2024, underscores the area's burgeoning growth and demand for commercial space. The property is comprised of approximately 40 acres within Wilbur city limits, ideal for higher-density housing developments. Engineering assessments suggest the potential for up to 80 residential lots on this portion. The remaining 109 acres, situated in Lincoln County, allow for development at a density of one unit per 20 acres, creating the possibility of five separate 20-acre parcels. This versatile property offers a compelling blend of immediate commercial viability and long-term growth potential, making it an attractive investment for developers and entrepreneurs seeking a strategic foothold in a thriving market. The property's zoning and development regulations should be independently verified. The zip code is 99185. The address is 715 NE Main Ave, Wilbur, WA.

    Property profile
    Verified
    Property type Land
    Lot 189.38 ac (8,249,393 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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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