Downtown Vancouver Full Block For Sale 1.03 Acre Redevelopment Opportunity
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1 FOR SALE E Mill Plain & E Main Street, Vancouver, WA E 16th St Main St Columbia St Washington St E 15th St E Mill Plain Blvd Downtown Vancouver Full Block For Sale 1.03 Acre Redevelopment Opportunity $2,00,000 ($53.8 PSF) 1.03 acres - (,875 SF) Vacant, prime developable ground Zoned City Center: CX (100% lot coverage) COLUMBIA RIVER Property tax abatement and other developer incentives available Located on E Mill Plain & E Main St, the center of downtown Vancouver Seller interested in sale or joint venture Contact kiddermathews.com Jordan Carter, JD First Vice President, Partner jcarter@kiddermathews.com Joshua Schwartz Associate jschwartz@kiddermathews.com accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advis0or.
2 Property Overview PROPERTY CHARACTERISTICS CHARACTERISTICS Address Land Area E 15th St & E Main St, Vancouver 1.03 Acres (,875 SF) Assessor Tax # , , , , , Density Bldg Height Zoning High feet CX (City Center) UTILITIES Electricity Clark Public Utilities ( ) Gas NW Natural ( ) Garbage Waste Connections ( ) Water City of Vancouver ( ) Sewer City of Vancouver ( ) DEVELOPMENT POTENTIAL The subject property is the only full block of prime development land available in downtown Vancouver that is located on Mill Plain Blvd, the major east-west thoroughfare going through Vancouver. This convenient location is within walking distance of every attraction in the downtown area. The subject s CX Zoning and 200 foot height allows for a variety of high density uses, including retail, office, and multifamily. Currently the site is used for paid monthly parking, which is rented for $5/month per space. kiddermathews.com
3 Location Overview AERIAL PERSPECTIVE E 16th St E 15th St Main St Washington St E Mill Plain Blvd Broadway St Columbia St DEMOGRAPHICS TRAFFIC COUNTS 1 mile 3 miles 5 miles Population 12,229 62, ,516 Daytime Population 21,556 6,17 176,529 Average Household Income $51,095 $57,99 $59,612 Mill Plain Rd & Main St Main Street & 15th St 16,16 cars per day 15,300 cars per day kiddermathews.com
4 VANCOUVER, WA OVERVIEW Vancouver is a thriving metropolis located just a few miles north of Portland, Oregon across the Columbia River. Vancouver is the largest suburb in the Portland-metro area with nearly 160,000 residents, and combined with the Portland- Metro area s 2.2 million residents it is among the top 25 metropolitan areas in the country. Vancouver is the fourth largest city in Washington and Clark County s population of 25,000 people is also the oldest and fastest growing community in the Pacific Northwest. Helping continue the long term growth of the city, Vancouver maintains a diverse and growing economy known for its educated workforce, good schools, strong health care and high-tech sectors, solid transportation infrastructure, and desirable tax system. Some of the larger local employers include the PeaceHealth/SW Washington Medical Centers, WaferTech LLC, Fred Meyer, Clark College, and the Vancouver School District. Because of its affordability and convenience, 30% of Portland s workforce lives in Clark County and commutes to Portland. Additionally, downtown Vancouver is experiencing several revitalization projects to increase urban living options, green spaces, offices, and shops. A $1.3 billion mixed-use waterfront project is on track for the next few years and an additional I-5 bridge connecting Portland and Vancouver has been in the works for several years. The neighborhood is bounded by I-5 to the east, which provides access to Olympia and Seattle to the north, and to Portland to the south. The northern boundary is formed by Mill Plain Blvd., a primary east/west commercial arterial. The neighborhood is served by C-Tran, which provides bus service throughout Vancouver, as well as to Downtown Portland, East Portland, Battle Ground and Camas/Washougal. The nearest bus stop is two blocks east of the subject on the corner of W. Evergreen Blvd. and Washington St. The Vancouver Amtrak Station is less than one-half mile west of the subject. Overall, the property has good linkage and transportation options. Vancouver s Largest Employers PeaceHealth Southwest Clark College Medical Center City of Vancouver WaferTech LLC The Vancouver Clinic Vancouver & Evergreen Public Schools BNSF Railway Clark County Fred Meyer Kaiser Permanente WSU Vancouver Vancouver is ranked number 96 on livability.com s list of best places to live in America. Downtown Vancouver Submarket The subject is in Downtown Vancouver, within the northern fringe of the Esther Short neighborhood. The Esther Short neighborhood is the city s commercial, cultural, financial and municipal center. The neighborhood is primarily zoned for mixed uses that provide for high density commercial, office, and residential development. The neighborhood is generally bounded by I-5 to the east, the Columbia River to the south, Mill Plain to the north, and the Port of Vancouver to the west. The subject is less than one-half mile north of the Columbia River, six blocks west of I-5, and one-half mile east of the Port of Vancouver.
5 AREA AMENITIES Washington St 8 7 Fort Vancouver Way 3 Franklin St Evergreen Blvd 1 8th St Broadway St 5 10 E McLoughlin Blvd E Mill Plain Blvd 1 E 5th St RESTAURANTS 1 Starbucks 6 Muchas Gracias 2 Thai Orchid 7 Provecho 3 Tommy O s 8 La Bottega Cafe LIFESTYLE 1 Pearson Airport 2 Fort Vancouver 3 Esther Short Park HOTELS & SCHOOLS 1 Hilton Hotel 2 Red Lion Hotel 3 Clark College Who Song & Larry s 9 Brickhouse Grill Fort Vancouver Community Library Hudsons Bay High School 5 Joe s Crab Shack 10 Black Angus 5 Regal Cinemas
6 REGIONAL MAP SALMON CREEK BRUSH PRAIRIE VANCOUVER LAKE NE 78th Street WESTFIELD VANCOUVER MALL ORCHARDS NE Marine Drive HAYDEN ISLAND VANCOUVER COLUMBIA RIVER N Lombard Street PORTLAND PORTLAND INTERNATIONAL AIRPORT WILLAMETTE RIVER Martin Luther King Jr Blvd LLOYD CENTER MALL CBD
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