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PRIME RETAIL DEVELOPMENT SITE - 1 ACRE AT I-84 EXIT 2 For Sale: $1, 750, 000 | Long-Term Land Lease: $8, 000/Month NNN After years off the market, this exceptional retail parcel is finally available - and opportunities like this don't come around often. Perfectly positioned at the highly traveled intersection of Mill Plain Road and Ridgebury Road (Exit 2 off I-84), this one-acre site delivers unmatched visibility, easy access, and outstanding demographics. The property offers flexibility to build-to-suit or repurpose the existing structures to fit your corporate needs. A new survey and multiple concept site plans - some with approved setback variances - make development planning straightforward. All public utilities are available: city water, city sewer, and natural gas. Surrounded by office complexes, corporate headquarters, new apartment communities, and major condominium projects, this location captures the daily traffic of commuters, residents, and visitors alike. It's a prime fit for national food, retail, and service brands seeking high visibility without a drive-thru. The CA-80 zoning encourages a wide range of commercial uses. Nearby neighbors include Starbucks, major hotels, gas stations, and national retail brands-a proven corridor for strong sales performance. Please note: due to the aquifer protection district, new gas stations and fast-food drive-thrus are restricted. Please note: due to the aquifer protection district, new gas stations and fast-food drive-thrus are restricted. If you're working with clients seeking a high-traffic, fully-serviced development site with unbeatable exposure, this is the one to show.
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$1,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | $1,545 | $1,545 | $1,545 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,303 | $8,059 | $11,347 |
| Total Monthly Payment | $8,973 | $9,729 | $13,017 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.