2200 Cooks Hill Rd Centralia, WA 98531
This exceptional 25± acre Planned Unit Development (PUD) presents a unique investment opportunity in Centralia, Washington. Located south of Cooks Hill Road within city limits, The Ponds offers a blend of tranquil living and urban convenience. Phase I includes an approved plan for 42 single-family attached two-story townhomes situated on individually platted lots ranging from 0.05± to 0.10± acres, resulting in a net density of 3.2± dwelling units per acre. The R4 - Low Density zoning allows for single-family lots, duplexes, and townhomes, with a potential density of up to four units per acre. This flexibility allows for the development of the approved 42 units or expansion to accommodate up to 55 units. The property is named for two serene ponds located on the southern portion of the land. The development offers a harmonious balance between natural beauty and easy access to city amenities, making it an attractive option for homebuyers. This meticulously planned community is poised for growth and presents a coveted opportunity in a scenic Washington locale. The asking price for this remarkable property is $3,000,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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