909 N 3rd Ave Lot | Terrain commercial | 1,37 ha | À vendre | 2 365 794 € | Pasco, WA 99301

Discover this exceptional opportunity to acquire 3.39 acres of shovel-ready multifamily development land in one of the fastest-growing markets in the Tri-Cities. 909 North 3rd Avenue is zoned R-4 Multi-Family Residential and offers the potential for 82 buildable units at a density of 24.12 units per acre. The approved development plan consists of approximately 990-square-foot units with two bedrooms and two bathrooms. The site may also be divided into three separate lots, creating additional flexibility for developers, builders, and investors. The seller will remove the existing building before closing, delivering a truly land-entitled, shovel-ready multifamily development opportunity. 909 North 3rd Avenue offers outstanding accessibility and connectivity with convenient access to Interstate 182. Situated along a highly visible corridor with exposure to more than 10,000 vehicles daily and is surrounded by an established mix of retailers, grocery stores, service providers, government facilities, and major employment centers. Nearby demand drivers include Lourdes Hospital, Columbia Basin College, Amazon's Fulfillment Center, Tri-Cities Airport, Pasco City Hall, and Sun Willows Golf Course. As the fastest-growing city in the Tri-Cities, Pasco is benefiting from a thriving economy, diversified employment base, and significant infrastructure investments. Currently, over 236,000 residents live within 10 miles of 909 North 3rd Avenue, and this population is projected to grow by approximately 1.3% annually over the next five years. The surrounding area boasts an average household income exceeding $102,750, supporting favorable market fundamentals. Pasco's youthful workforce, with a median age of just 30.3 years, combined with a cost of living approximately 4.5% below the national average, continues to attract residents, employers, and new investment to the region. This rare offer enables developers to immediately capitalize on the area's housing demand while avoiding the time and uncertainty associated with entitlement and zoning approvals.