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6701 E Mill Plain Blvd
Vancouver, WA 98661
Heights Shopping Center · Retail Property For Sale
Investment Highlights
- Safeway has anchored the center since 1991, leased through 2031 with two 10-year renewals and 10% rent bumps. It drives ~889K annual visits
- 6.5-acre site within the Heights Plan District allows mixed-use, mid-rise development and multifamily under R-18 zoning
- 1-mile household income over $125K; Vancouver’s population projected to more than double by 2045. Median home values up ~65% since 2019
- Average rent ~$9/SF vs. $18–$22/SF market rates. Retail vacancy less than 3% within one mile supports strong mark-to-market upside & minimal downtime
- Local, service-based tenants (fitness, salons, financial services, dining) complement Safeway; no large box exposure
- Signalized intersection of Mill Plain Blvd & Andresen Rd with 40K+ daily vehicles and ~340 parking stalls
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
83,901 SF
Building Class
B
Year Built/Renovated
1972/1991
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
6.59 AC
Zoning
C3, Vancouver
Parking
340 Spaces (4.05 Spaces per 1,000 SF Leased)
Frontage
572’ on E Mill Plain Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,126,670 | |
| Land Assessment | $4,105,200 | Total Assessment | $14,231,870 |
Property Taxes
Parcel Numbers
Land Assessment
$4,105,200
Improvements Assessment
$10,126,670
Total Assessment
$14,231,870
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