2701 Steptoe St Richland, WA 99352

Property Details for 2701 Steptoe St

Lot size

3.12 lot acres

Property type

Commercial real estate

Description

This exceptional 3.12-acre commercial land parcel presents a unique investment opportunity in Richland, Washington. Located at the signalized intersection of North Steptoe Street and Center Parkway, this C-1 zoned property boasts a strategic location within a rapidly growing residential area. Over 30,000 vehicles traverse this intersection daily, providing significant visibility and accessibility. The site is ideally positioned to serve the needs of the surrounding community, which includes over 52,948 residents within a two-mile radius and a thriving new residential development of over 20,000 homes. Its proximity to the 718-student Amon Creek Elementary School (opened August 2018) further enhances its appeal. Currently lacking nearby commercial services, this property offers a compelling chance to capitalize on the underserved market. The land is situated at the entrance to a 325-unit Hayden Homes project and across from a future 65-home development, ensuring continued growth and high traffic volume. The absence of retail or gas stations within a one-mile radius underscores the significant potential for commercial development, catering to both the substantial daily traffic and the burgeoning residential population. The asking price is $1,631,000, with a land value of $12 per square foot. This is a rare opportunity to establish a thriving business in a high-demand location.