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- LoopNet Team
2655 2nd St SE
Wenatchee, WA 98802
Second Street Site · Land For Sale
·
8.80 AC
Investment Highlights
- Permits were secured under Washington’s 2018 energy code, which provides an estimated 10-15% cost savings compared to current codes.
- Uniquely situated in an Opportunity Zone provides outstanding tax benefits if the investing criteria is met.
- The site is fully entitled and ready for immediate development, offering a streamlined path to construction without entitlement delays.
Property Facts
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 8.80 AC |
| Zoning | R-H | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 8.80 AC |
| Zoning | R-H |
Description
The Second Street Site is a fully entitled, shovel-ready development opportunity in East Wenatchee, WA permitted for 200 multifamily units. With permits secured under Washington’s 2018 energy code, developers can realize substantial cost savings compared to new permits and energy codes, significantly reducing construction expenses. With entitlements in place, the project is ready to be immediately picked up and developed, minimizing entitlement risk and allowing for an accelerated timeline to delivery. Investors can capitalize on the region’s rising rental rates, low vacancy, and economic expansion, ensuring long-term viability and strong absorption upon completion. In addition, a 2026-27 delivery is ideal timing as the multifamily supply expansion in Wenatchee went from record expansion in 2022-24 to only one project under construction today and limited supply planned into 2026. Located in a high-growth market, East Wenatchee continues to experience strong population and employment growth, fueling rental demand. The site benefits from its Opportunity Zone designation, sweeping views of the Cascade mountains and nearby hillsides, cherry orchards, all while being just ~3 minutes from the heart of East Wenatchee.
Property Taxes
| Parcel Number | 75-00-00-01501 | Improvements Assessment | $12,500 |
| Land Assessment | $110,700 | Total Assessment | $123,200 |
Property Taxes
