Oompah Watch

The PARDners constantly repeat the mantra that Wal-Mart will drive down property values.

Oh really? Let's apply the oompah test.

According to this commerical real estate web site, there are three properties for sale on Bishop Blvd.:

Lot 4, S&W SP#3

Property Description:
This parcel is located across from land owned by WalMart. WalMart is anticipated to begin construction of a Supercenter late 2008. This is the fastest growing commercial area in Pullman.

Location Description:
Pullman Washington is home of Washington State University. Land is located south of Bishop Blvd., a main arterial, and will be on SE side of future Fairmount Rd. with WalMart site directly across on the NW side.

Highlights:
Excellent Location
Fast Growing Area
High Traffic Count Area

Lot Size: 4.34 Acres
Price: $1,890,000
Price/Acre: $435,483.87

Lot 3, S&W SP#3

Lot Size: 2.81 Acres
Price: $1,225,000
Price/Acre: $435,943.06

Bishop Blvd. Lot

Property Description:
Lot has approx. 150 feet of frontage on Bishop Blvd. and is approx. 250 feet in depth. Utilities are at front of lot.

Location Description:
Pullman Washington is home of Washington State University. This lot is a prime location on Bishop Blvd, directly across from land owned by WalMart and contiguous to Jiffy Lube. WalMart is anticipated to begin construction of a Supercenter, late 2008

Highlights:
Excellent Visibility
Directly Across From WalMart Owned Land
Fast Growing Area
High Traffic Count

Lot Size: 36,750 SF
Price: $477,750

I think that about covers the "reduced property value" claptrap. And if we ever needed more proof that Wal-Mart is a business and jobs magnet, there it is.

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