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Listed by John L. Scott Real Estate
$ 850,000
Est. payment | /mo
10.13 Acres Lot
$ 850,000
Est. payment | /mo
10.13 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24306626
Annual Tax Amount $321
Tax Year 2024
Lot Size 10.130 Acres
Property Description
Prime Multi-Family Development Opportunity – 10.13 Acres in Kelso, WA. Zoned RMD for up to 17 units/acre, with 5.5 acres usable (per prior appraisal). Preliminary plans for 96 apartment units across eight 3-story walk up buildings. Prime exposure along I-5 at N. Kelso Avenue, offering excellent visibility and space for 151 parking spots. Plans include 48 one-bedroom (769 SF) and 48 two-bedroom units (967 SF), with an average unit size of 868 SF. Key studies completed (some updating required): title, stormwater, surveys, critical areas, traffic, Geotech, SEPA, giving you a head start on obtaining approvals with less risk and cost compared to raw land. NO IMPACT FEES. Notable considerations: additional survey work may be needed to confirm access options per early WSDOT input. Ideal for developers, or business's seeking prime freeway exposure. Priced to sell at $8,854 p/unit of approx. $155,000 p/developable acre.
Location
State WA
County Cowlitz
Area _82
Zoning RMD
Exterior
Utilities Available ElectricityAvailable, PublicSewer, WaterAvailable
View Territorial, Trees Woods
Garage No
Building
Lot Description Public Road, Wooded
Schools
Elementary Schools Barnes
Middle Schools Huntington
High Schools Kelso
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
