42921 Challenger Road, Concrete, WA 98237

$1,995,000

Listing courtesy of Coldwell Banker Bain.

List Price
$1,995,000
Status
ACTIVE
MLS#
1738449
Price Change
▼ $300,000 1631923658
Days on Market
270
Lot Size (sq ft)
2,395,800

Property Description

700 ft of riverfront on 60 plus acres, comprised of 13 parcels w/ a substantial income producing tenant, 10 shovel ready 1/2 acre building lots, well w/11,000 gal class B water systems only begin to describe this incredible opportunity. Once a thriving vineyard & winery, acreage includes home w/garage on 1.5ac, a second 2BR dwelling, metal roofed barn/outbuildings totaling approx 9500sf. on 1.4ac. The 53 acre parcel consists of timber acreage above (logging permit submitted), cleared productive farmland and river frontage w/ beach/boat access. Building lots have road in, power, water meters, perk/septic ok. 10 miles to Janicki Industries. Current Cap rate 6.4% potential over 14% by 2023. Possible Owner Terms.

Additional Information

Community
Concrete
Style
41 - Res-Over 1 Acre
Restrictions
CC&R, See Remarks, Timber Clause
Features
Brush, Comm. Grade Timber, Garden/Fruit Trees, Lightly Treed, Partially Cleared, Pasture Land, Pond, Recreational, Riding Trails, Stream/Creek
Waterfront
Yes
Waterfront Description
River Access
View
Mountain(s), River, Territorial
Sewer
Not Available
Tax Year
2021
School District
Concrete
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Potential Terms
Cash Out, Owner Financing
Driving Directions
From I-5, East on Hwy 20. L on Challenger Rd, Farm/Property on L. NOTE: There are 2 L turns onto Challenger Rd. The 2nd L turn is faster. If you choose the 2nd - Hwy 20
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