148-Unit Entitled Park Avenue Commons in Parkland, Wash. Hits the Market for $4.75MM - The Registry

148-Unit Entitled Park Avenue Commons in Parkland, Wash. Hits the Market for $4.75MM - The Registry

A 148-unit fully entitled residential development, Park Avenue Commons is now available for sale at $4.75 million, or roughly $32,000 per unit. This 1.93-acre property, located at 648 125th St S in Parkland, Wash., offers an approved project that spans roughly 84,000 square feet of land adjacent to Pacific Lutheran University (PLU). First Western Properties, which is marketing the property, announced that investors have an opportunity to acquire…