THE PONDS
Centralia, Washington $1,100,000 13.8± Acres
INTRODUCTION The first impression of The Ponds is one of a quiet, peaceful setting marked by two established ponds, open space, and mature trees giving the 13.88± acre property the feel of a rural retreat. Located just south of Cooks Hill Road, the property creates a natural setting where a distinctive residential community can take shape. The Ponds blends the serenity of a rural setting with the convenience of nearby amenities such as Providence Centralia Hospital, shopping, restaurants, schools, and Interstate 5 only minutes away. The Ponds is a paper-lotted, 42-unit townhome PUD approved by the City Council in February 2023, with substantial civil engineering, utility, stormwater, environmental, geotechnical, landscape, traffic, and infrastructure planning completed. Final signatures and the engineering permit were intentionally deferred so a buyer can control the timing of the City’s one-year construction window. To move the approved 42-townhome plan from paper-lotted to shovel-ready, the purchaser will need to complete final platting, obtain final civil signatures and applicable engineering permits, satisfy remaining PUD and utility requirements, post any required bonds or securities, obtain construction and building permits, and pay applicable impact and connection fees. An existing residence provides interim rental income during the entitlement and pre-construction period as well as potential conversion to a community clubhouse or shared resident amenity space. The property also offers meaningful flexibility. R-4 zoning allows single-family residences, duplexes, and townhomes at densities up to four dwelling units per acre. A revised full-dispersion stormwater design eliminated the former detention facility, creating approximately 1.5 additional developable acres outside critical-area buffers. A later concept evaluated approximately 52 townhomes, subject to PUD amendment and City approval. A buyer could also pursue a townhome/single-family mix or reposition the project as a single-family residential PUD. A lower-density plan of 30 or fewer homes may also eliminate the secondary access requirement, subject to City approval, potentially reducing roadway and infrastructure costs. The result is a development opportunity that combines a tranquil setting, substantial completed work, and the flexibility to pivot to the needs of the current market. The Ponds | Centralia, Washington
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QUICK FACTS • • • • • • • • •
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City Council-approved preliminary PUD for 42 two-story townhomes Substantial civil engineering, stormwater, utility, environmental, geotechnical, traffic, landscape, and infrastructure planning has been completed The Ponds civil-plans have been advanced by the city to the request for signature stage Final civil signatures and the engineering permit were intentionally deferred, allowing the purchaser to control the timing and preserve the full one-year construction window Remaining steps before construction include final platting, final civil signatures, applicable engineering and construction permits, remaining utility and PUD requirements, required bonds/ securities, building permits, and applicable fees Revised full-dispersion stormwater design eliminated the former detention facility, creating approximately 1.5 additional developable acres outside critical-area buffers A later concept evaluated approximately 52 townhomes; R-4 density could theoretically support up to 55 dwelling units, subject to PUD amendment and City approval R-4 Low Density Residential zoning allows single-family residences, duplexes, and townhomes at densities up to four dwelling units per acre A redesigned plan of 30 or fewer homes could potentially eliminate the required secondary access, subject to City approval, reducing roadway and related infrastructure costs Existing residence provides interim rental income during the entitlement and pre-construction period Existing residence offers potential conversion to a community clubhouse or shared resident amenity space Convenient to amenities such as healthcare, shopping, restaurants, schools, and Interstate 5, while retaining the character and serenity of a rural setting www.fayranches.com | 800.238.8616 | info@fayranches.com
The Ponds | Centralia, Washington
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ACREAGE •
13.88± acres
The Ponds comprises 13.88± acres of residential development land within the Centralia city limits, combining an unusually peaceful, park-like setting with convenient access to Cooks Hill Road, Providence Centralia Hospital, shopping, schools, and Interstate 5.
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INCOME OPPORTUNIT Y The Ponds offers a developer the opportunity to acquire an advanced, paper-lotted residential project with an approved preliminary PUD for 42 townhomes and substantial civil, utility, stormwater, environmental, geotechnical, traffic, and landscape design already completed. City civil review progressed to the point that comments were resolved, and plan sets were requested for signature. Final signatures and the engineering permit were intentionally deferred, allowing the purchaser to control the timing and preserve the full one-year construction window. The buyer may advance the approved plan or pivot to a townhome/single-family mix, an all-single-family PUD, or additional density, subject to PUD amendment and City approval. Centralia is also attracting meaningful new investment and employment. WinCo Foods opened at the 26acre Centralia Station mixed-use development in 2024, with Wilco Farm Store, Chick-fil-A, and Chipotle among announced additions. A 38-acre Logistics Property Company development at the Port of Centralia is projected to create approximately 761 jobs, while the Port’s industrial parks are projected to support more than 3,100 direct jobs in 2026 and over $1 billion in regional economic activity. TransAlta’s ongoing energy transition brings additional investment to the region. Together, continued employment, retail, and infrastructure growth strengthen the need for additional housing in Centralia.
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RENTALS This parcel has a recently renovated home which most recently rented for $1,475 per month.
Dining Room
Farmhouse
Kitchen
Bathroom
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WINTER AT THE PONDS
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RECREATION The Centralia area offers a diverse array of recreational activities catering to outdoor enthusiasts of all kinds. For hunting and fishing enthusiasts, the nearby rivers and forests provide abundant opportunities to engage in these pursuits, with prime spots for catching trout and bass or tracking game in the lush, wildlife-rich landscapes. Beyond hunting and fishing, the region is a haven for adventure seekers and nature lovers. Winter months bring the excitement of skiing and snowboarding in the nearby Cascade Mountains, while the warmer seasons invite mountain biking and hiking on scenic trails that weave through the breathtaking terrain. Whether casting a line, hitting the slopes, or exploring rugged paths, Centralia and its surroundings offer everyone a perfect blend of outdoor recreation.
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CLIMATE Centralia, Washington, experiences a mild maritime climate with cool, wet winters and warm, dry summers. The average annual rainfall is around 50 inches.
Climate charts courtesy of https://www.city-data.com/city/Centralia-Washington.html
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AREA HISTORY Centralia was initially settled in the 1850s by pioneers attracted to the fertile lands in the area, primarily for farming and logging. The arrival of the Northern Pacific Railroad in the 1870s spurred growth in Centralia, transforming it into a regional transportation hub. The town’s strategic location along the railroad contributed significantly to its development.
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Centralia’s downtown area retains many historic buildings that showcase its architectural heritage from the late 19th and early 20th centuries. The Centralia Square Grand Ballroom & Hotel is a prominent example of this historic architecture. Centralia continues to evolve as a modern community while honoring its historical roots. The town’s historical society and local museums, such as the Centralia Historical Museum, preserve and educate visitors about its past.
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NEARBY AT TR ACTION S & ACTIVITIES •
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The Ponds | Centralia, Washington
The Great Wolf Lodge is perfect for families. This indoor water park near Grand Mound offers slides, pools, and other water attractions. Centralia is surrounded by farmland. Consider visiting a local farm that provides activities such as berry picking or farm tours. If you’re into sports, the indoor sports complex in Centralia hosts events and offers facilities for activities like soccer, basketball, and volleyball. Learn about military history at the Veterans Memorial Museum in Chehalis, just a short drive from Centralia.
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LOCATION Centralia, Washington, in the heart of Lewis County, offers a blend of historic charm and modern amenities against a backdrop of lush Pacific Northwest landscapes. Known for its vibrant downtown and rich with local shops and eateries, Centralia boasts a strong sense of community. Outdoor enthusiasts are drawn to nearby parks and trails, while history buffs explore its well-preserved architecture. With convenient access to Interstate 5, Centralia is a gateway to exploring Washington State’s diverse attractions and natural beauty.
AIRPORT SERVICES Nearby airports are Seattle-Tacoma International Airport (SEA) and Portland International Airport (PDX), about a 90-minute drive from Centralia. 18
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GET TING THERE From SeaTac International Airport, merge onto WA-518 E. Take the exit to merge onto I-5 S toward Tacoma/ Portland. Stay on I-5 S for about 75 miles. Take exit 81 for Mellen Street toward WA-507 S. Turn right onto Mellen Street. Turn right onto Cooks Hill Road. From Portland, merge onto I-5 N. Stay on I-5 N for about 85 miles. Take exit 81 for Mellen Street toward WA-507 S. Turn left onto Mellen Street. Turn right onto Cooks Hill Road.
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CON SERVATION | STEWARDSHIP Each of us at Fay loves the land and wants to see it remain a productive agricultural ground and a quality fish and wildlife habitat. Through promoting thoughtful land stewardship, Fay has guided owners toward a legacy of conserving wide-open spaces, enhancing and creating fisheries and wildlife habitats, and implementing sustainable agricultural operations. Fay is proud to say that since our company began in 1992, our clients’ conservation ethics and land-use practices have significantly enhanced our work landscape.
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The Ponds | Centralia, Washington
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SUMMARY The Ponds is an advanced, paperlotted Planned Unit Development (PUD) spanning approximately 13.88± acres in Centralia, Washington, just south of Cooks Hill Road. The approved preliminary PUD provides for 42 two-story townhomes within a peaceful setting shaped by two established ponds, open space, and mature vegetation. Substantial civil, utility, stormwater, environmental, geotechnical, and landscape work has been completed, with final civil signatures intentionally deferred to preserve the buyer’s one-year construction window. The property also offers flexibility to pursue additional density, a townhome/single-family mix, or an all-single-family PUD, subject to City review and approval, while retaining its tranquil in-city setting.
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The Ponds | Centralia, Washington
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CONTACT
$1,100,000
Please contact Trina Walpole at (360) 481-2969 | twalpole@ fayranches.com or Ryan Deskins at (360) 827-5268 | rdeskins@ fayranches.com to schedule a showing. This is an exclusive listing. An agent from Fay must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties, fly fishing properties, and sporting ranches that we have listed, please visit our web page at www.fayranches.com.
TERMS
NOTICE
PRICE
Cash Conventional Financing 1031 Exchange
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Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.
www.fayranches.com | 800.238.8616 | info@fayranches.com
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