Second Street Development Site

Fully permitted development site in East Wenatchee

Access Documents

Second Street Development Site

Permitted Development Site in East Wenatchee

Description

Investment Highlights

FULLY PERMITTED & SHOVEL_READY: The site is fully entitled and ready for immediate development, offering investors a streamlined path to construction without entitlement delays.

SAVINGS UNDER PREVIOUS ENERGY CODE: Permits were secured under Washington's previous energy code, which provides an estimated 20% cost savings compared to current regulations, improving project feasibility and margins.

LIMITED NEW SUPPLY: With only two other multifamily projects in the pipeline, the Second Street Site stands out as a rare opportunity in a supply-constrained market.

WENATCHEE MARKET: The Wenatchee market benefits from robust population growth, rising household income, and higher-than-average rents. The employment base continues to diversify into healthcare, technology, and tourism.

Property Details

Site Overview

Property Name: Second Street Development Site

Address: 2655 Second Street

City, State Zip: East Wenatchee, WA 98802

Zoning: R-H

Total Estimated Site Area: 8.8 Acres

Proposed Units: 200

Status: Fully permitted