6600 Old Pacific HwyKalama, WA 98625

This exceptional 17.05-acre commercial land parcel in Kalama, Washington, presents a remarkable investment opportunity. Zoned HDR, the property is approved for a 264-unit multifamily development, with Phase 1 (76 units) underway. Over $5 million in pre-development and site work is already complete, including infrastructure such as streets and utilities. The sloped topography ensures stunning Columbia River views for all units. Building plans feature four-story wood-frame structures with Hardie plank siding and metal roofs. Each unit includes a balcony, luxury vinyl plank flooring, and a full appliance package. Conveniently located near Interstate 5, this development offers easy access to Portland, Oregon (38 miles). The final phase will include a dedicated clubhouse. The asking price is $7,800,000, with a land value of $10.50 per square foot. The property is offered fee simple with APN 411460100. This is a prime opportunity to capitalize on a thriving market and a well-planned, partially completed development.