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Property profile

1222 Johnson Rd Pullman, WA 99163

OFF-MARKET
Land
4.86 ac lot
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Property summary

AI-generated overview

This exceptional 4.86-acre land parcel presents a unique investment opportunity in Pullman, Washington. Ideally situated at 1222 Johnson Rd, 99163, this property offers significant potential for a mixed-use development, catering to both commercial and residential needs. The zoning allows for a high-density project. The western third of the land is zoned C3, designated as a General Commercial District, while the eastern two-thirds are zoned R4, providing flexibility for a variety of uses. Preliminary plans suggest the potential for approximately 145 units, with an estimated cost of $8,448 per door. Utilities are readily available on-site, simplifying the development process. This property is being offered below its appraised value, representing a compelling opportunity for investors seeking a high-return project in a thriving market. The Whitman County location provides access to a robust local economy and a strong demand for housing, particularly student housing given its proximity to Washington State University. The APN is 814900000000096. This is a rare chance to acquire a large, well-located parcel in a desirable area, primed for a substantial mixed-use development. Don't miss this chance to capitalize on the potential of this prime real estate.

Property profile

Verified
Property type Land
Lot 4.86 ac (211,702 SF)

Cap rate & NOI

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

Location

1222 Johnson Rd Pullman, WA 99163
Pullman metro
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Value estimations

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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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