42921 Challenger Road, Concrete, WA

Others for Sale - $1,995,000 - 55 acres

Agent Info

Bob Blevins
Coldwell Banker BAIN

Property Info

  42921 Challenger Road
  Concrete WA 98237
UpdatedOctober 15th, 2021
Land55 acres


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.