Property summary
This exceptional 2.39-acre commercial land parcel presents a unique investment opportunity in Vancouver, Washington's burgeoning Heights District. Zoned HX (Heights Mixed Use), this property is ideally positioned to capitalize on the area's significant redevelopment. The City of Vancouver is investing over $70 million in infrastructure improvements throughout the Heights District, including parks and streets, ensuring a vibrant and thriving future. The land offers substantial potential for a variety of commercial and multi-family developments, aligning perfectly with the district's vision for a sustainable, equitable, and accessible neighborhood center. With a land value of $28.33 per square foot and an asking price of $2,950,000, this property represents a compelling investment in a rapidly growing area. The site's 2.39 acres provide ample space for a diverse range of projects, contributing to the Heights District's planned mix of complementary uses, engaging public spaces, and diverse housing options. The strategic location within the Heights District ensures easy access to transportation and nearby neighborhoods, further enhancing its appeal and potential for future growth. This is a rare chance to be part of a transformative urban renewal project, shaping the future of Vancouver. The property is located at 5400 MacArthur Blvd, Vancouver, WA 98661.
Property profile
VerifiedCap rate & NOI
Current use
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Nursing Home
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Charitable Organization Social Service Agency
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Hospital
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
HX : VAN · Vancouver, WAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HX : VAN in Vancouver, WA.
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Find the owner behind the property.
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