5515 Pioneer StRidgefield, WA 98642

Property Details for 5515 Pioneer St

Year built

2019

Lot size

2.48 AC

Property size (Sq ft)

15,436 SF

Zone code

CRB : RGF

Property type

Healthcare properties

Property subtype

Medical offices

APN

214070-000

APU

214070000

Description

This exceptional 3.03-acre commercial land parcel presents a unique investment opportunity in the thriving city of Ridgefield, Washington. Located at 5515 Pioneer St, 98642, this property is ideally situated and zoned for employment uses, offering significant potential for a variety of commercial developments. The expansive lot provides ample space for construction, while the existing 66 parking spaces offer immediate utility. The asking price is $1,400,000. This prime location in Clark County offers easy access to major transportation routes, ensuring convenient commutes for employees and clients. The "Employment" zoning designation opens doors to a wide range of business ventures, making this property an attractive prospect for developers and investors seeking a strategic foothold in a rapidly growing area. With its generous size, convenient parking, and advantageous zoning, this property is poised for immediate development or long-term appreciation. Don't miss this chance to acquire a significant commercial land holding in a highly desirable location. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $4,239,652

  6.5%

  $3,913,525

  7%

  $3,633,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,972,665

  Geo Method

  $2,972,665

• Alternative Use

  Use

  Valuation

  Residential

  $4,852,770

  Hospitality

  $4,445,112

  Educational

  $3,698,281

  Medical

  $3,825,470

  Retail

  $5,752,882

Location Insight

City

Ridgefield

County

Clark

State

Washington

Latitude

45.8152

Longitude

-122.692

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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