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909 N 3rd Ave 3.39 Acres of Commercial Land Offered at $2,700,000 in Pasco, WA 99301
Investment Highlights
- 3.39-acre shovel-ready multifamily site zoned R-4 with entitlement for 82 990-square-foot units with two bedrooms and two bathrooms
- Prime location surrounded by major employers, including Amazon Fulfillment Center, Lourdes Hospital, and Columbia Basin College.
- Pasco is the fastest-growing city in the Tri-Cities, with annual population growth over 1.3% and continued employment growth across multiple sectors.
- Highly visible parcel, exposed to over 10,000 vehicles daily, that can be divided into three lots, providing flexibility for phased construction.
Executive Summary
Discover this exceptional opportunity to acquire 3.39 acres of shovel-ready multifamily development land in one of the fastest-growing markets in the Tri-Cities. 909 North 3rd Avenue is zoned R-4 Multi-Family Residential and offers the potential for 82 buildable units at a density of 24.12 units per acre. The approved development plan consists of approximately 990-square-foot units with two bedrooms and two bathrooms. The site may also be divided into three separate lots, creating additional flexibility for developers, builders, and investors. The seller will remove the existing building before closing, delivering a truly land-entitled, shovel-ready multifamily development opportunity.
909 North 3rd Avenue offers outstanding accessibility and connectivity with convenient access to Interstate 182. Situated along a highly visible corridor with exposure to more than 10,000 vehicles daily and is surrounded by an established mix of retailers, grocery stores, service providers, government facilities, and major employment centers. Nearby demand drivers include Lourdes Hospital, Columbia Basin College, Amazon's Fulfillment Center, Tri-Cities Airport, Pasco City Hall, and Sun Willows Golf Course.
As the fastest-growing city in the Tri-Cities, Pasco is benefiting from a thriving economy, diversified employment base, and significant infrastructure investments. Currently, over 236,000 residents live within 10 miles of 909 North 3rd Avenue, and this population is projected to grow by approximately 1.3% annually over the next five years. The surrounding area boasts an average household income exceeding $102,750, supporting favorable market fundamentals. Pasco's youthful workforce, with a median age of just 30.3 years, combined with a cost of living approximately 4.5% below the national average, continues to attract residents, employers, and new investment to the region.
This rare offer enables developers to immediately capitalize on the area's housing demand while avoiding the time and uncertainty associated with entitlement and zoning approvals.
909 North 3rd Avenue offers outstanding accessibility and connectivity with convenient access to Interstate 182. Situated along a highly visible corridor with exposure to more than 10,000 vehicles daily and is surrounded by an established mix of retailers, grocery stores, service providers, government facilities, and major employment centers. Nearby demand drivers include Lourdes Hospital, Columbia Basin College, Amazon's Fulfillment Center, Tri-Cities Airport, Pasco City Hall, and Sun Willows Golf Course.
As the fastest-growing city in the Tri-Cities, Pasco is benefiting from a thriving economy, diversified employment base, and significant infrastructure investments. Currently, over 236,000 residents live within 10 miles of 909 North 3rd Avenue, and this population is projected to grow by approximately 1.3% annually over the next five years. The surrounding area boasts an average household income exceeding $102,750, supporting favorable market fundamentals. Pasco's youthful workforce, with a median age of just 30.3 years, combined with a cost of living approximately 4.5% below the national average, continues to attract residents, employers, and new investment to the region.
This rare offer enables developers to immediately capitalize on the area's housing demand while avoiding the time and uncertainty associated with entitlement and zoning approvals.
Property Facts
| Price | $2,700,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 3.39 AC |
| Property Type | Land | ||
| Zoning | R-4 - Multifamily for H2A Farm Workers Building permits available Land Entitled Shovel Ready 3.39 acres Can be divided into 3 lots Permit ready | ||
| Price | $2,700,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 3.39 AC |
| Zoning | R-4 - Multifamily for H2A Farm Workers Building permits available Land Entitled Shovel Ready 3.39 acres Can be divided into 3 lots Permit ready |
1 Lot Available
Lot
| Price | $2,700,000 | Lot Size | 3.39 AC |
| Price Per AC | $796,460.18 |
| Price | $2,700,000 |
| Price Per AC | $796,460.18 |
| Lot Size | 3.39 AC |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 112-023-042 | Improvements Assessment | $20,000 |
| Land Assessment | $718,300 | Total Assessment | $738,300 |
Property Taxes
Parcel Number
112-023-042
Land Assessment
$718,300
Improvements Assessment
$20,000
Total Assessment
$738,300
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909 N 3rd Ave