Check out this incredible opportunity for redevelopment right in the heart of downtown Vancouver, Washington! This prime location comes with permits ready for two commercial spaces, totaling 3,548 square feet, along with nine apartment units above. The apartments consist of a mix of one-bedroom, one-bath units ranging from 704 to 752 square feet, and two-bedroom, two-bath units ranging from 910 to 1,136 square feet. Additionally, there's a 1,180 square foot shared space on the top floor, complete with a half bathroom and potential kitchenette. Plus, thanks to recent changes in zoning codes, you have the option to replace this shared space with two more units. To add even more value, there are five rentable storage spaces on the ground floor for tenant use. Currently, there's a spacious 4,000 square foot office building on-site, offering ample parking and potential income while you prepare for construction.
The median home value in Vancouver, WA is $473,000. This is lower than the county median home value of $518,500. The national median home value is $338,100. The average price of homes sold in Vancouver, WA is $473,000. Approximately 48.85% of Vancouver homes are owned, compared to 46.77% rented, while 4.37% are vacant. Vancouver real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Vancouver real estate agent to arrange a tour today!
Vancouver, Washington 98663 has a population of 188,331. Vancouver 98663 is less family-centric than the surrounding county with 31.15% of the households containing married families with children. The county average for households married with children is 34.07%.
The median household income in Vancouver, Washington 98663 is $67,462. The median household income for the surrounding county is $82,719 compared to the national median of $69,021. The median age of people living in Vancouver 98663 is 37.3 years.
The average high temperature in July is 79.4 degrees, with an average low temperature in January of 34.4 degrees. The average rainfall is approximately 42.1 inches per year, with 2.7 inches of snow per year.