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5333 NW 38th Ave 21 Acres of Commercial Land Offered at $3,250,000 in Camas, WA 98607

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INVESTMENT HIGHLIGHTS

  • Road frontage
  • Commercial Zoning

EXECUTIVE SUMMARY

Motivated Seller!! Take advantage of this rare opportunity to secure over 21 acres of prime real estate in highly desired Camas, WA, zoned CC (Community Commercial). With over 530 feet of road frontage, this exceptional property sits within city limits, directly across from the Fisher Investments campus on NW 38th Ave, offering outstanding visibility and accessibility.
The CC zoning allows for a diverse range of commercial and mixed-use developments, including retail stores, restaurants, medical facilities, and professional offices. Permitted uses include antique shops, appliance sales, auto repair and service stations, banks, barber and beauty shops, bookstores, clothing stores, department stores, hardware and garden supply stores, grocery stores, and funeral homes. Food and beverage establishments such as restaurants, coffee shops, bakeries, confectionery stores, and fast-food establishments are also allowed. Medical and professional services, including medical and dental clinics, veterinary clinics, and professional offices, can be developed on the site.
Residential and community-oriented uses permitted within this zoning include apartments, multifamily housing, row houses, day care centers, assisted living facilities, churches, schools, libraries, museums, and community clubs. Recreational and event-based developments such as event centers, auditoriums, golf courses, and sports fields are also options. Additionally, the property supports essential infrastructure, including EV charging stations, gas and fuel stations, and wireless communications facilities.
Up to 49% of the property is eligible for multifamily use upon master plan approval, creating significant potential for mixed-use development. Its location within East Clark County’s growing technology corridor makes it an ideal site for big-box retail, medical, and commercial ventures. With utilities available at the street, this property is development-ready. Buyer to verify all potential uses. Don’t miss out on this rare investment opportunity!

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER AC
Gross Rental Income $24,000 $1,142.86
Other Income - -
Vacancy Loss - -
Effective Gross Income $24,000 $1,142.86
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $24,000
Annual Per AC $1,142.86
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $24,000
Annual Per AC $1,142.86
Net Operating Income
Annual -
Annual Per AC -

PROPERTY FACTS

Price $3,250,000
Sale Type Investment or Owner User
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Hold For Development
Total Lot Size 21.00 AC
No. Stories 1
Zoning CC

1 LOT AVAILABLE

Lot

Price $3,250,000
Price Per AC $154,761.90
Lot Size 21.00 AC

21+ acres in prime Camas, WA, zoned CC with 530+ ft road frontage. Ideal for commercial or mixed-use development near Fisher Investments. Utilities at street, 49% multifamily potential. Rare opportunity in a thriving tech corridor!

DESCRIPTION

Over Half A MILLION DOLLAR PRICE DROP – Seller Will Carry Contract with Acceptable Terms. Take advantage of this rare opportunity to secure over 21 acres of prime Real Estate in highly desired Camas, WA, zoned CC (Community Commercial). With more than 530 feet of road frontage, this exceptional property is strategically located within city limits, directly across from the Fisher Investments campus on NW 38th Ave, offering unparalleled visibility and accessibility. The CC zoning allows for a wide variety of commercial development options, with up to 49% of the property eligible for multifamily use upon master plan approval. Envision retail stores, restaurants, fitness centers, or other ventures, all supported by the dynamic and growing Camas community. The property’s scale and location also make it ideal for mixed-use developments, big-box retail, EV charging stations, medical facilities, professional offices, and more, as permitted by Camas zoning codes. With utilities already available at the street, this property is development-ready and positioned within East Clark County's thriving technology corridor. Buyer to verify all potential uses and conduct their due diligence. This is a once-in-a-lifetime chance to bring your vision to life on one of Camas’s most desirable commercial properties. Don’t miss out!

  • Listing ID: 31025237

  • Date on Market: 2/22/2024

  • Last Updated:

  • Address: 5333 NW 38th Ave, Camas, WA 98607

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