Drone Video BLAKE D. FEDERINKO 360.823.5111 Blake@MAJCRE.com BRANDI M. HO 360.823.5112 Brandi@MAJCRE.com MULTI-FAMILY DEVELOPMENT OPPORTUNITY 13017 NE 71st Ave, Vancouver, WA Zoned R-30 2.77 Acres 22 Unit Town Home Development
PROPERTY SUMMARY
Property Address
13017 NE 71st Ave Vancouver, WA
Number of Parcels 1
Parcel Number 19784000
Land Size 2.77 Acres Density 30 Units Per Acre / R-30 Est. Number of Units 72 Units
Due Diligence Items
Phase I Environmental & Boundary and ALTA Survey (Completed 2023)
Sale Price $2,845,000
Site Benefit - Located in a Road Improvement District!
The Subject Property is part of the NE 72nd Ave CFP Improvements which encompasses 3,168 LF (Lineal Feet) of Road Improvements for a total cost of $10,800,000. The Subject Property will have 485’.5” Lineal Foot of ROW work which is to include the 14’ width, plantar strip, gutter, curb, and sidewalk. TIF (Traffic Impact Fee) credits will equate to $958 per Lineal Foot for the 485”.5” LF for the Subject Property. This will provide to Buyer +/-$464,472 of Mt Vista District TIF Credits that can be credited to the Apartment Project.
TIF Credit: $464,472
Est. TIF Cost: ($378,324)
Est. Remaining TIF Credit to be Sold: $86,148
Buyer will have the opportunity to sell the remaining TIF Credits to the open market at approximately 90% of the $86,148, netting the Buyer an additional +/-$77,533.
2
High Density Residential Apartment Land 3
Unit Town Home Development
Parcel
Acres
TAX LOT 22
Subject
2.77
UTILITIES4 Sewer Line Water Line Storm Line ALL UTILITIES ARE LOCATED TO THE SITE Site Benefits From All Utilities Being Located To The Site!
Taxlots
Storm Lines
Sanitary Sewer Line
Water Line
High Density Residential Apartment Land 5
Feet 1,504.7 0 752.33 9,028 1:
Clark County will develop the middle portion of the parcel at 12603 NE 72nd Avenue into Curtin Creek Community Park. Design of the park is scheduled to be completed by the end of 2022, with construction expected to occur spring through fall of 2023.
Upcoming Virtual Open House
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
Box 9810
Vancouver,
For other formats, contact Clark County ADA Office Voice 564.397.2322
711 or 800.833.6388 Email ADA@clark.wa.gov January 2020 Curtin Creek COMMUNITY PARK clark.wa.gov/public-works/curtin-creek-community-park Open Lawn Space Picnic Area with Shelter Wetland Viewpoints All-Inclusive Playground Natural Feature Trail/Bike Path (concrete & asphalt) Natural Grass Rugby/Soccer Field (360’x210’) Synthetic Turf Soccer (110 yd. x 70 yd.) / Little League (200’) w/ lights Parking (160 Stalls) 1 5 3 7 10 2 6 9 4 8 11 12 13 14 15 Tennis/Pickleball Courts Basketball/Futsal Court Solid Waste/Recycling Center Restroom Building w/ Storage Connection to existing Disc Golf Drop-off Area / Entry Plaza Upcoming Open House formats, contact ADA Office 564.397.2322 800.833.6388 ADA@clark.wa.gov January 2020 Curtin Creek COMMUNITY PARK clark.wa.gov/public-works/curtin-creek-community-park Open Lawn Space Picnic Area with Shelter Wetland Viewpoints All-Inclusive Playground Natural Feature Trail/Bike Path (concrete & asphalt) Natural Grass Rugby/Soccer Field (360’x210’) Synthetic Turf Soccer (110 yd. x 70 yd.) / Little League (200’) w/ lights Parking (160 Stalls) 1 1 5 5 3 3 7 7 10 10 2 2 6 6 9 9 4 4 8 8 11 11 12 12 12 12 13 13 13 14 14 14 15 Gaddis Wetland Natural Area Wetland Boundary Wetland Buffer Riparian Buffer public improvements 72nd Avenue Disc Golf Glenwood Community Church Private Property Fire Station Tennis/Pickleball Courts Basketball/Futsal Court Solid Waste/Recycling Center Restroom Building w/ Storage Connection to existing Disc Golf Drop-off Area / Entry Plaza 15 15 Curtin Creek COMMUNITY PARK Preferred Conceptual Master Plan CURTIN CREEK COMMUNITY PARK 6
PO
•
WA 98666-9810
Relay
PROJECT IMPROVEMENTS
A master plan for Curtin 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 Curtin 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.
SUBJECT PROPERT
High Density Residential Apartment Land
Miles 7
Curtin Creek Community Park
0.4
COLOR ELEVATION
8
Black parapet cap at main body
(P-3) Taos Taupe at board and batten at balcony bump out with matching Taos Taupe parapet cap
(P-2) Van Deusen & E or Texas Leather & D at board
(P-5) Rockies Brown at lap siding at balcony
(P-1) Providence
Olive at lap siding at main body
High Density Residential Apartment Land 9
Deusen Blue for buildings B Leather for buildings A, C and batten at main body
(S-1) 711 Coffee stain for entry canopy wood
(P-4) Raffia Beige at trim bands and trim around windows
SAMPLE RENDERINGS
10
High Density Residential Apartment Land 11
SUBJECT PROPERTY
(±74,000VPD) (±72,000 VPD)
5708 NE 119th St
24 Cottage Lot Development
Hidden Crest Subdivision 236 Lots/Homes
6416 NE 109th St
16 Coe Lot Development
45 Cottage Lots
12
Pleasant Holloe - 56 Lots
NE 119th St (±10,319 VPD)
SE 72nd Ave (±12,342 VPD) (±32,000 VPD)
503
Lots/Homes
Subdivision
12116 NE 72nd Ave
St Development High Density Multi-Family Land 13
The Jax - 50 Units Apartments
14
SITE PLAN
High Density Residential Apartment Land 15
ELEVATIONS
16
High Density Residential Apartment Land 17
High Density Multi-Family Land 18
1 Mile
3 Miles
18
5 Miles
BUSINESS INCOME 3,801 1 mile POPULATION 58,733 3 mile 197,791 5 mile 2.66 1 mile AVG HOUSEHOLD SIZE 2.76 3 mile 2.69 5 mile $167,062 1 mile $119,750 3 mile $107,471 5 mile AVG HOUSEHOLD INCOME 49.5 1 mile MEDIAN AGE 39.8 3 mile 38.3 5 mile 64 1 mile TOTAL BUSINESSES 1,413 3 mile 5,578 5 mile $151,387 1 mile MEDIAN HOUSEHOLD INCOME $99,175 3 mile $84,330 5 mile 430 1 mile TOTAL EMPLOYEES 15,143 3 mile 54,460 5 mile $62,4391 mile PER CAPITA INCOME $43,225 3 mile $39,839 5 mile High Density Residential Apartment Land 19
DEMOGRAPHICS
EXCLUSIVELY MARKETED BY: MULTI-FAMILY DEVELOPMENT OPPORTUNITY Zoned R-30 2.77 Acres BLAKE D. FEDERINKO 360.823.5111 Blake@MAJCRE.com BRANDI M. HO 360.823.5112 Brandi@MAJCRE.com