502 Frontier St - Residential LAND FOR SALE


Clallam Bay, WA 98326 139,392 SF
$1,000,000 USD
971-344-0737
502 Frontier St, Clallam Bay, WA for Sale
$1,000,000 USD
Residential LAND - FOR SALE
1/6
139,392 SF

502 Frontier St
Clallam Bay, WA 98326


HIGHLIGHTS

  • 13 included homes present the opportunity to sale-leaseback to residents
  • Situated on public utilities
  • Located in an Opportunity Zone
  • Lack of affordable housing creates a supply/demand imbalance, positioning the Property favorably
  • Located with immediate proximity to the Olympic National Forest

OVERVIEW

JLL, as the exclusive advisor, is pleased to present the opportunity to acquire Clallam Bay MHP (the "Property"). This well-maintained 3.6-acre manufactured housing community in Clallam, WA, features 13 sites, all with park-owned homes and currently boasts an 85% occupancy rate. Recent capital improvements include new waterlines and water meters for tenant usage billing, enhancing the property's infrastructure. The community's historical stability is evident through its consistently high occupancy and a waiting list of potential residents. Most notably, with the current average lot rent of $730 sitting approximately 15% below the local market rate, the Property offers significant upside potential for rental growth. This combination of stable occupancy, recent upgrades, and growth potential positions the Property as an attractive addition to investors seeking value and returns in the manufactured housing sector.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/ACRE

$312,500/AC

PRICE/SF

$7 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Clallam Bay Mobile Home Community

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

3.2 AC

LAND SF

139,392 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

URH

APN/PARCEL ID

123221510455

ASK ABOUT THIS PROPERTY

971-344-0737

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971-344-0737

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