7550 US Highway 97 5.11 Acres of Commercial Land Offered at $999,999 in Peshastin, WA 98847

This 5.11-acre Highway Commercial property is located along U.S. 97, just a half-mile from the US-2 interchange and 4 miles from Leavenworth, WA, a popular tourist destination. Featuring dual highway frontage, the site provides exceptional exposure to consistent traffic flows from Blewett Pass and Steven’s Pass commuters, making it well-positioned for a variety of development opportunities.
Currently improved with a commercial retail building under a long-term lease through 2034 and a secondary coffee stand lease through 2029, this property offers stable income and development upside. Flexible zoning permits a wide range of commercial uses, including hotel/motel, RV park, truck stop, restaurant, or mixed-use retail. Additional benefits include irrigation water rights, no minimum lot size, and minimal setback requirements, allowing efficient site planning and build-out.
This location combines strong logistical advantages with proximity to tourist-heavy markets, providing investors the option to hold for income or reposition through redevelopment. Partial seller financing is available, enhancing acquisition accessibility.