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Investment Highlights

  • Extremely Good Development Potential

Executive Summary

2200 Vantage Hwy presents a compelling ±14.89-acre mixed-use development opportunity within the Ellensburg city limits. The contiguous site combines approximately 4.75 acres of Commercial Highway (C-H) zoning, 2.19 acres of Residential Medium (R-M) zoning, and 8+ acres of Residential Suburban (R-S) zoning, creating the flexibility to integrate highway-oriented commercial uses with medium- and lower-density residential development.
The property benefits from direct frontage along Vantage Highway, convenient access to Interstate 90, utilities reported at or along the property frontage, and prior engineering and entitlement work associated with a proposed subdivision. The property is also positioned along the City of Ellensburg's Gateway II Stormwater Retrofit Project corridor, which includes planned drainage improvements, landscaped stormwater-treatment swales, and pedestrian and bicycle pathways along both sides of Vantage Highway from Vista Road to the City limits.
The current offering materials identify a previous SEPA-reviewed concept consisting of 33 single- family homes, 16 townhome/duplex units, and three commercial parcels. The proposed subdivision also incorporated recreational access from the rear portion of the site to the John Wayne Trail, the former railway corridor running along the property's back lots and used for walking, biking, and horseback riding. Access from one or more of the rear lots was designed to provide subdivision residents with direct recreational connectivity to the trail. The preliminary subdivision was not completed and remains subject to independent verification and future approvals.
The site also offers favorable physical characteristics, including a naturally well-draining gravel base and an approximately 2% southwest slope, potentially supporting efficient future site planning and development.

Property Facts

Price $4,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Auto Dealership
  • Community Center
  • Department Store
  • Distribution
  • Drugstore
  • Fast Food
  • Garden Center
  • Healthcare
  • Health Club
  • Hold For Development
  • Hold For Investment
  • Hospital
  • Hotel
  • Lumberyard
  • Master Planned Community
  • Medical
  • Motel
  • Movie Theater
  • Movie, Radio or Television Studio
  • Neighborhood Center
  • Office Park
  • Outlet Center
  • Planned Unit Development
  • Research and Development
  • Regional Mall
  • Religious Facility
  • Restaurant
  • Retail Warehouse
  • Self Storage
  • Single Family Development
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Supermarket
  • Theater or Concert Hall
  • Warehouse
  • Amusement Park
Total Lot Size 14.89 AC
Zoning Mixed

1 Lot Available

Lot

Price $4,000,000
Price Per AC $268,636.67
Lot Size 14.89 AC

±14.89-acre mixed-use development opportunity within Ellensburg city limits with C-H, R-M and R-S zoning, Vantage Highway frontage, convenient I-90 access, and utilities reported at or along the property frontage.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
881933
Land Assessment
$1,733,580
Improvements Assessment
$0
Total Assessment
$1,733,580
  • Listing ID: 41876355

  • Date on Market: 6/23/2026

  • Last Updated:

  • Address: 2200 Vantage Hwy, Ellensburg, WA 98926

Contact the Sale Advisor

2200 Vantage Hwy

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