5400 Macarthur Blvd, Vancouver, WA 98661-7049
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.
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PeaceHealth Southwest Hospice Nursing Home
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Hope Bereavement Center Charitable Organization Social Service Agency
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PeaceHealth Southwest Palliative Care Hospital
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Reid Matthew V MD Physician
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Legrand Kristin B DO Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HX : VAN · Vancouver, WAVancouver. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.