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6600 Old Pacific Hwy S

17.05 Acres of Residential Land Offered at $7,800,000 in Kalama, WA 98625

Investment Highlights

  • Potential Units: 264 (Phase 1: 76 units)
  • Topography: Sloped lot ensuring river views for all units
  • Amenities: Each unit features a balcony to enjoy river views; interiors include luxury vinyl plank flooring and a full kitchen appliance package.
  • Access: Easy access to Interstate 5

Executive Summary

Welcome to “The Lofts at Kalama,” an exclusive multifamily development situated at 6445 Old Pacific Highway South in the picturesque city of Kalama, Washington. Encompassing 17.05 acres of prime real estate, this project is approved for the construction of 264 residential units, each designed to offer sweeping views of the Columbia River.
The development, thoughtfully divided into five phases, brings together modern living and natural beauty, making it a perfect retreat for residents seeking tranquility within close proximity to urban centers. Located only 38 miles from Portland, Oregon, and easily accessible via Interstate 5, The Lofts at Kalama promises an ideal balance of peaceful living and connectivity to major metropolitan areas.
Phase 1 of this project will see the completion of 76 units across ten buildings on the southeastern section of the site, introducing high-quality residences that set the stage for the full vision of The Lofts. Each phase of construction has been meticulously planned to build upon the last, with infrastructure such as streets, utilities, and necessary grading already underway to support seamless progress from one phase to the next. Phases 2 through 4 will add additional residential buildings that take advantage of the property’s natural elevation, ensuring river views for all units, while Phase 5 will include the construction of a dedicated clubhouse, serving as a shared community space for residents and a valuable amenity for the city.

Attachments

Kalama Land OM

Property Facts

Price $7,800,000
Sale Type Investment
Sale Conditions Build to Suit
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 17.05 AC

1 Lot Available

Lot

Price $7,800,000
Price Per AC $457,478
Lot Size 17.05 AC

Description

The property is designed for wood-frame construction, with each four-story building featuring hard plank lap and panel siding, pitched standing seam metal roofs, and interior stairwells. Due to the site’s varied terrain, many units will have at-grade access, allowing residents to enter their homes from either the first or third stories. Each unit will be approximately 1,174 square feet, with three bedrooms and two bathrooms, boasting modern interiors with luxury vinyl plank flooring, a full kitchen appliance package, in-unit washer and dryer, and private balconies to fully embrace the river views.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4-11460100
Land Assessment
$311,190
Improvements Assessment
$0
Total Assessment
$311,190

zoning

Zoning Code R3 (R3 - High Density)
R3 (R3 - High Density)
  • Listing ID: 34146174

  • Date on Market: 4/22/2024

  • Last Updated:

  • Address: 6600 Old Pacific Hwy S, Kalama, WA 98625

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