A prime piece of commercial property in a busy south Richland corridor is for sale.

The 4.7-acre parcel is at the corner of Queensgate Drive and Keene Road, near the bustling Queensgate retail area. The hard-corner lot is on the edge of what will be a 50-acre development that's slated to start with 89 townhomes and 19 single-family homes.

Work on The Terraces at Queensgate South is underway now.

BrickWise Real Estate is the developer.

Derrick Stricker and Jazmine Murillo, brokers with Stricker CRE in Kennewick, are handling the sale of the 4.7-acre commercial lot. The listing price is $4.8 million.

The property can be broken up into smaller parcels; lot size is negotiable.

The site carries C2 zoning, meaning it’s designated for retail and commercial uses.

“You can do some great design, great retailers, a really great product that fits the neighborhood,” Stricker told the Tri-Cities Area Journal of Business. He envisions two to three buildings, perhaps restaurants and neighborhood retail.

The location makes it high value, he said.

“Our best retail in the Tri-Cities is sitting right there (in the nearby Queensgate area). This is the place to be now,” Stricker said. In terms of demographics, the area has a population of 4,592 people within 1 mile of the property and 101,424 people within 5 miles. The average household income is $186,467 within 1 mile and $133,008 within 5 miles.

The site will be developer-ready, with utilities and a connection to Queensgate Drive and a roundabout that ultimately will connect to Badger Mountain South.

It’s just down far from the Queensgate retail area, which has stores from Target to Bath & Body Works and restaurants from Five Guys to Stick + Stone.

It’s also not far from where the Tri-Cities’ second Costco might end up.

Paperwork filed under the State Environmental Policy Act, or SEPA, outlines Costco’s plans for a retail warehouse and fuel facility north of Kennedy Road and west of Truman Avenue.

If the project moves forward, the store will be on about 20 acres managed by the state Department of Natural Resources, or DNR. A spokesperson for DNR said in early April that the agency is “still negotiating and working through terms of the lease.”