Thank you
Drew Staudt
Windermere Professional Prtnrs
253-845-5900
REDUCED PRICE - 6.63 Acres of Development Land w/ MFM Zoning which permits all configurations of multi-family, townhouses, rowhouses, manufactured home parks, senior housing, cottage housing, & more. Density of 9-15 units/acre, but possible to increase to 20 units/acre by incorporating permanently affordable housing units. Max height of 40 ft. Level topo & no wetlands. Mostly treed w/ some clear areas. Water & Sewer are about 1300 ft away along Hwy 99 with plans in place to run the lines past property to near intersection. At max density, this property could produce 99 units at $19.9K/unit. By incorporating the max affordable housing units, it could yield 133 units at $14.8K/unit. Priced at $6.84/SF. Located w/in the UGA of Tumwater.
WaterSource: Available, In Street, Private Well
Lot Description: Paved
Lot Square Feet: 288803
Lot Acres: 6.63
Property Type: Land
Sub Type: Land
Structure Type: Unspecified
Original List Price: $2300000
Annual Tax: $2157
Tax Year: 2023
Parcel Number: 12713420400
Elementary School: East Olympia Elem
Junior High School: George Wash Bush Mid
Senior High School: Tumwater High
Natural Gas Available, Electricity Connected, Septic Design Installed
Sewer: Available, In Street
Water Source: Available, In Street, Private Well
Subdivision: Olympia
City: Olympia
Direction: South on Old Hwy 99 to property on the right-hand side at the address (3 driveway options). Alternatively, east on 93rd Ave SE to the driveway on the left-hand side.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1647 52nd Avenue, Olympia, WA,98501 | $899,900 | 5 | 4 | 4,737 | 0.1378 Acre |
1647 52nd Avenue, Olympia, WA,98501 | $899,900 | 5 | 4 | 4,737 | 0.1378 Acre |
8010 Keanland Park Lane, Olympia, WA,98501 | $100,000 | -- | -- | -- | 1.4403 Acres |
11215 Cedar Lake Drive, Olympia, WA,98501 | $765,000 | 2 | 3 | 3,433 | 4.77 Acres |
422 Franz Anderson Road, Olympia, WA,98501 | $1,550,000 | -- | -- | -- | 1.0658 Acres |
1200 Cherry Street, Olympia, WA,98501 | $500,000 | -- | -- | -- | 0.3306 Acre |
2915 Yelm Highway, Olympia, WA,98501 | $6,250,000 | -- | -- | -- | 8.83 Acres |
1018 Capitol Way #5E, Olympia, WA,98501 | $499,000 | 2 | 2 | 989 | 0.0147 Acre |
3541 17th Way, Olympia, WA,98501 | $259,900 | 1 | 1 | 576 | 0.0488 Acre |
7613 Gelding Court, Olympia, WA,98501 | $125,000 | -- | -- | -- | 0.3487 Acre |
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Based on information submitted to the MLS GRID as of 05/15/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 05/15/2024 @ 18:20
MLS: NWMLS #2159407
LISTED BY: Drew Staudt, Windermere Professional Prtnrs
SOURCE: NWMLS - Northwest Multiple Listing Service
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.