CONFIDENTIALITY DISCLAIMER
This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an indepth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
MAJ COMMERCIAL REAL ESTATE
MAJ Commercial Real Estate is pleased to present a premier development opportunity in Vancouver, WA. This offering consists of two tax parcels totaling approximately ±5.05 acres, with approvals in process for a 120-unit multifamily community. Designed with today’s rental housing demand in mind, the project is strategically positioned in a high-growth corridor and offers investors and developers the ability to step into a fully entitled opportunity without the uncertainty of starting from scratch.
The development is planned in two phases to allow for flexibility in execution and capital planning. Phase I will consist of 72 units, with permit approvals anticipated by October 2025. Phase II will include 48 units, with approvals projected for January 2026. MAJ Development Corporation will deliver the site with full site plan approvals through Clark County, along with complete civil engineering and architectural construction plans. This turnkey entitlement package significantly reduces risk, shortens the development timeline, and positions the buyer to move directly into vertical construction.
The planned community will total 120 residential units supported by a 1,900 SF community building designed to enhance livability and tenant amenities. Vancouver continues to benefit from strong population growth, limited new housing supply, and sustained demand for quality rental housing, making this project a timely and compelling opportunity. With entitlements secured and phasing designed for execution flexibility, this site is ideally suited for a developer or investor seeking a ready-to-build project in a thriving market.
PROPERTY ADDRESSES:
Phase I : 7102 NE 129th Street, Vancouver, WA 98686
Phase II: 13018 NE 71st Ave., Vancouver, WA 98686
SALE PRICE: $6,595,000
LOT SIZE: +/-5.05 Acres
NO. OF UNITS: 120 NO. OF PARKING STALLS 183 - 147 Parking Stalls - 36 Covered Stalls
PERMIT READY:
Phase I – Est. October 2025 Phase II – Est. January 2026
UTILITIES AVAILABLE: Water, Sanitary Sewer & Stormwater
BUILDING B
PHASE IELEVATIONS
BUILDING C
BUILDING D
COMMUNITY BUILDING
Phase II
ADDRESS:
JURISDICTION: Clark County
LOT SIZE: 2.28 Acres
NO. OF UNITS: 48
NO. OF PARKING STALLS 58 Parking Stalls, 14 Covered Stalls
ZONING: R-30
PERMIT READY: January 2026
Site Benefit
A major advantage of the Phase 2, is that utilities have already been extended to the driveway apron and stubbed into the property. This was coordinated with the adjacent developer through an easement, providing the Buyer of the 120-unit development significant savings in both time and cost.
Acres
PHASE IIELEVATIONS
BUILDING A
BUILDING B
Clark County will develop the middle portion of the parcel at 12603 NE 72nd Avenue into Curtain Creek Community Park. Design of the park is scheduled to be completed by the end of 2022, with construction estimated to be completed in Fall of 2025.
CURTAIN CREEK COMMUNITY PARK
Project Background
In 1999 Clark County and the City of Vancouver jointly purchased 38.7 acres at 12603 NE 72nd Avenue to construct a Vancouver fire station and a county park. In 2005 voters approved the Metropolitan Parks District Levy for dedicated funding to construct 35 new parks, sports fields and new trails. Curtain Creek Community Park will be the 32nd project constructed as part of the Metropolitan Parks District. In 2016 a portion of the eastern part of the property, and a separate property to the south, was designated as the Gaddis Wetlands Natural Area. Curtain Creek Community Park will be constructed on the remaining 16.2 acres of park property.
A master plan for Curtain Creek Community Park was created in 2019/2020 after extensive research, site evaluation, surveys, communication with stakeholders and a community open house. The master plan for Curtain Creek Community Park includes many of the typical elements of a community park including a parking lot, walking trails, picnic shelter, restrooms, sport courts, playground and illuminated sports fields.
Funding
Construction is funded by park impact fees, real-estate excise taxes and a grant from the Washington Recreation and Conservation Office.
GLENWOOD MARKETPLACE
Glenwood Marketplace
• New anchor, pad, restaurant and retail shop space opportunities.
• Positioned at a signalized intersection with full movement access into the center from both NE 119th St & NE 72nd Ave.
• Located within close proximity to the Padden Pkwy interchange at I-205.
• Growing trade area with new single family and multi-family residential developments.
Glenwood Marketplace
Curtain Creek Community Park 0.4 miles
Phase II
Phase I
SURROUNDING AREA/DEVELOPMENTS
VANCOUVER WASHINGTON
Vancouver, Washington is a fast-growing city located just north of Portland, Oregon, offering the benefits of a major metro area without the high cost of living. As the largest city in Clark County, Vancouver has become a key hub for both residential and commercial development, supported by strong job growth, excellent schools, and proximity to major transportation corridors.
TOTAL POPULATION
192,696 MEDIA AGE 37
The city continues to attract families, professionals, and investors alike, drawn by its balanced lifestyle, access to outdoor recreation, and business-friendly environment. With a diverse economy and a steady real estate market, Vancouver stands out as one of the most stable and opportunity-rich cities in the Pacific Northwest.
HOUSEHOLDS
79,747
AVG HH INCOME $100,906 HOUSING UNITS
83,450
DEMOGRAPHICS
DEMOGRAPHICS VANCOUVER, WA
