2200 Vantage Highway, Ellensburg, WA 98926

SOLD PROPERTY

2200 Vantage Highway
Ellensburg, WA 98926

2200 Vantage Hwy presents a compelling ±14.89-acre mixed-use development opportunity within the Ellensburg city limits. The contiguous site combines approximately 4.75 acres of Commercial Highway (C-H) zoning, 2.19 acres of Residential Medium (R-M) zoning, and 8+ acres of Residential Suburban (R-S) zoning, creating the flexibility to integrate highway-oriented commercial uses with medium- and lower-density residential development.


The property benefits from direct frontage along Vantage Highway, convenient access to Interstate 90, utilities reported at or along the property frontage, and prior engineering and entitlement work associated with a proposed subdivision. The property is also positioned along the City of Ellensburg’s Gateway II Stormwater Retrofit Project corridor, which includes planned drainage improvements, landscaped stormwater-treatment swales, and pedestrian and bicycle pathways along both sides of Vantage Highway from Vista Road to the City limits.


The current offering materials identify a previous SEPA-reviewed concept consisting of 33 singlefamily homes, 16 townhome/duplex units, and three commercial parcels. The proposed subdivision also incorporated recreational access from the rear portion of the site to the John Wayne Trail, the former railway corridor running along the property’s back lots and used for walking, biking, and horseback riding. Access from one or more of the rear lots was designed to provide subdivision residents with direct recreational connectivity to the trail. The preliminary subdivision was not completed and remains subject to independent verification and future approvals.


The site also offers favorable physical characteristics, including a naturally well-draining gravel base and an approximately 2% southwest slope, potentially supporting efficient future site planning and development.

PROPERTY DESCRIPTION


ADDRESS

CITY, STATE, & ZIP

UNITS

YEAR BUILT

BUILDING SF

TYPE

CONSTRUCTION

ZONING

APN

2200 Vantage Highway
Ellensburg, WA 98926

-

-

±14.89 Acres

Development Land

-

C-H, R-M and R-S

881933

OFFERING SUMMARY


SALE PRICE

PRICE PER UNIT

PRICE PER SF

CAP RATE

MARKET CAP RATE

GRM

MARKET GRM

$4,000,000

-

-

-

-

-

-

PROPERTY DESCRIPTION


ADDRESS

2200 Vantage Highway

CITY, STATE, & ZIP

Ellensburg, WA 98926

UNITS

-

YEAR BUILT

-

BUILDING SF

±14.89 Acres

TYPE

Development Land

CONSTRUCTION

-

ZONING

C-H, R-M and R-S

APN

881933

OFFERING SUMMARY


SALE PRICE

$4,000,000

PRICE PER UNIT

-

PRICE PER SF

-

CAP RATE

-

MARKET CAP RATE

-

GRM

-

MARKET GRM

-

AERIAL PHOTOS


DEMOGRAPHICS


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POPULATION

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HOUSEHOLDS

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MEDIAN AGE

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AVERAGE INCOME