971-344-0737
2010 Broadway Ave, Hoquiam, WA for Sale
Residential LAND - FOR SALE
1/6
483,952 SF

2010 Broadway Ave
Hoquiam, WA 98550


HIGHLIGHTS

  • Potential for an additional 17 homes presents value-add potential through infill and lease -up
  • The Property presents an attractive value-add opportunity with its current below-market rents compared to nearby parks, offering significant potential
  • Located within close proximity to the Grays Harbor National Wildlife Refuge
  • Lack of affordable housing creates a supply/demand imbalance, positioning the Property favorably

OVERVIEW

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Broadway Manor (the "Property"), a 11.1-acre living community located in Hoquiam, WA. The offering consists of a manufactured housing community with 44 sites conveniently located next to downtown Hoquiam, which hosts popular local restaurants and has a Grocery Outlet, Home Depot, and the Harbor Regional Health Emergency Department nearby. In the adjacent town of Aberdeen, there is a Safeway, Rite Aid, and Walmart Supercenter. This value-add opportunity features an asset currently at 61% occupancy, presenting significant upside potential through targeted lease- up initiatives and infill development. There is potential to infill an additional 17 homes, which would generate $80,580 in annual revenue based on current rents. Broadway Manor commands strong rental revenue given the superior coastline lifestyle and limited housing supply.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Broadway Manor MHC

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

11.11 AC

LAND SF

483,952 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets

ZONING

R-2

APN/PARCEL ID

518103632002

ASK ABOUT THIS PROPERTY

971-344-0737

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971-344-0737

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