Description
Exceptional Mixed-Use Development Opportunity. Position yourself at the forefront of one of the region's most promising growth corridors. This rare mixed-use development opportunity offers the potential for approximately 169 residential units combined with 66,900 square feet of commercial frontage along highly visible Highway 505. Surrounded by significant economic expansion, the property is strategically located near the Benaroya Pacific Northwest Regional Logistics Center and other major employment and infrastructure investments driving long-term demand for housing and commercial services. Adding to the area's momentum, the neighboring property is slated for a 91-home residential community. Preliminary mixed-use concepts were developed through a pre-application meeting with the city, providing valuable insight into the site's development potential. Existing infrastructure includes water and sewer in the street, with a recently granted easement for new electrical service and fiber-optic internet, helping streamline future development. Held by the same family for over 50 years after being acquired from the original homesteaders, this is a rare opportunity to acquire a legacy property with exceptional upside. The offering includes two tax parcels. Buyers are encouraged to request all development plans, reports, and supporting documents from their real estate professional.
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0BEDS
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19.41ACRES
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0BATHS
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01/2 BATHS
School Information
Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of John L. Scott, Inc.
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Description
Exceptional Mixed-Use Development Opportunity. Position yourself at the forefront of one of the region's most promising growth corridors. This rare mixed-use development opportunity offers the potential for approximately 169 residential units combined with 66,900 square feet of commercial frontage along highly visible Highway 505. Surrounded by significant economic expansion, the property is strategically located near the Benaroya Pacific Northwest Regional Logistics Center and other major employment and infrastructure investments driving long-term demand for housing and commercial services. Adding to the area's momentum, the neighboring property is slated for a 91-home residential community. Preliminary mixed-use concepts were developed through a pre-application meeting with the city, providing valuable insight into the site's development potential. Existing infrastructure includes water and sewer in the street, with a recently granted easement for new electrical service and fiber-optic internet, helping streamline future development. Held by the same family for over 50 years after being acquired from the original homesteaders, this is a rare opportunity to acquire a legacy property with exceptional upside. The offering includes two tax parcels. Buyers are encouraged to request all development plans, reports, and supporting documents from their real estate professional.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-10-15T12:16:38.677. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2026-10-15T12:16:38.677. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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