Grant Road Development Site
With 18.18 acres across two parcels, and located on Grant Road in East Wenatchee, the site benefits from high visibility, straightforward access, and a simple site layout.
Flexible Development Potential
With 18.18 acres across two parcels, the site offers a rare opportunity to program a mix of densities across the landscape. Currently zoned R-H, permitted uses include SFR small lot dwellings, multifamily dwellings, assisted living facilities, and general or professional offices.
Prime Grant Road Frontage
Situated along Grant Road in East Wenatchee, the property benefits from strong visibility, straightforward access, and a simple, highly usable site layout. Great views and a square footprint enhance planning efficiency and position the property for a compelling finished product.
Path of Growth Location
As Grant Road continues to emerge as a central hub within the greater East Wenatchee area, the site is well positioned to benefit from surrounding growth and infrastructure investment. While just minutes from the Wenatchee Valley, the property offers a more serene setting that feels removed from the urban center.
Income Flexibility During Entitlement
The existing home and outbuildings are currently leased, providing options during the pre-development period. The property may be delivered vacant or with interim income in place, offering flexibility as timing, density, and execution strategy are refined.
Offering Details
Offered at $8,300,000 this 18.18 acre site includes two parcels and is zoned R-H, which provides multiple development options, including SFR small-lot dwellings, multifamily, assisted living facilities, and general or professional offices.
Access DocumentsProperty Summary
Property Name
Grant Road Development Site
Address
2820 Grant Road
City, State, Zip
East Wenatchee, WA 98802
Year Built
—
Parcel ID
75000000300 & 75000000400
Zoning
R-H
Acreage
18.18
# of Units
—
SF Per Unit
936
Net Rentable Space
449,400 SF (Potential Net Rentable)
Pricing Summary
Price
$8,300,000
Price / Unit
$17,292
Price / SF
$10.48
The Opportunity
Large East Wenatchee Development Site on Grant Road
2820 Grant Road presents a large-scale development opportunity in East Wenatchee totaling 18.18 acres across two parcels. The site stands out for its simple geometry, strong frontage, and attractive views, all of which support an efficient planning process and a wide range of potential product types. With flexibility to allocate density dynamically across the property, the offering gives investors and developers the ability to respond to the landscape while optimizing unit count, layout, and overall project economics.
The property is located within the Wenatchee MSA, which includes Chelan and Douglas Counties and continues to benefit from a diverse regional economy tied to healthcare, retail, agriculture, warehousing, and transportation. Douglas County's population grew 6.7% from the 2020 Census base to the July 1, 2024 estimate, underscoring the area's steady expansion. The broader Wenatchee-East Wenatchee metro also remains an established employment center for North Central Washington, supporting ongoing housing demand on both sides of the Columbia River.
Grant Road is an increasingly important corridor in East Wenatchee, with the city highlighting continuing improvements and infrastructure work along the corridor, putting this site squarely in the path of future growth. With immediate access to the Wenatchee Valley and the amenities, employment opportunities, and daily services that drive residential demand the Grant Road site offers a combination of frontage, flexibility, and location that is difficult to replicate.
The Location
Desirable Grant Road development site in the Wenatchee Valley
2820 Grant Road, East Wenatchee, WA 98802Photographs
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Market Overview
Wenatchee, WA
Nestled in the picturesque Central Washington region, Wenatchee is a thriving city renowned for its breathtaking natural surroundings, with the Columbia River winding through the valley and the Cascade Mountains gracing the horizon. It is a vibrant and bustling town which offers significant outdoor activities year-round. Whether it's hiking the extensive trail network, or skiing at nearby Mission Ridge, Wenatchee is an outdoor lover's dream.
Wenatchee is home to diverse industries led by agriculture, and health care, but also including education, technology, and tourism. Known as the "Apple Capital of the World", its roots are in agriculture, but Wenatchee is also home to the Confluence Technology Center, which houses data centers for Yahoo! and Microsoft.
The Wenatchee MSA has seen steady growth in both population and jobs at rates that have outpaced the national average for over six decades. Douglas County saw a 2.17% population increase in 2020, making it the fourth fastest growing county in the state, according to the state Office of Financial Management.
Reasons To Invest Here
- -1.1%
Average Rent Growth
(Q1 2026)
- 88.9%
Stabilized Occupancy
(Q1 2026)
- 4.6%
Unemployment Rate
(Nov 2025)
- $1,709
Average Market Rent
(Q1 2026)
- ~130K
Population
(Wenatchee MSA)
- 4.7%
Population Growth
(2020 - 2025)
- $83.2K
Median HH Income
(Q1 2026)
- ~63.4K
Labor Force
(Nov 2025)
Sources available upon request.
Our Team
Multifamily Mason
Multifamily Mason is a brokerage firm specializing in multifamily property sales and advisory services within the Inland Northwest. We uphold the core values of integrity, mastery, and ownership. These principles guide all our business decisions and interactions with our clients, investors, and stakeholders.
Our extensive market knowledge, in-depth data analysis, valuable insights, and strong industry relationships have established us as trusted advisors and a go-to source for those exploring the Inland Northwest markets or investing in multifamily properties within tertiary markets.
We foster long-term relationships and prioritize our clients' best interests, even if it means delaying immediate deals. We believe in collaboration and creating opportunities for mutual success, including working with potential competitors.
Lead Broker
Mason Fiascone
Mason is the founder of Multifamily Mason and specializes in the sale and advisory services of multifamily properties across the Inland Northwest with a specific focus on Central Washington and Tri-Cities. Mason leads the sales and asset management organizations at Multifamily Mason, meaning he partners with owners, investors, and developers seeking to maximize their property returns, bringing valuable expertise to every interaction. He is committed to building long-term relationships by providing clients with market insights and unique deal opportunities.
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