9115 Old Highway 99 SE, Olympia, WA 98501 - MLS#2159407

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Brian Gass

brian@1realty.com +1(360) 201-0908

Listed by Windermere Prof Partners

$1,975,000

Est. payment - /mo

6.63 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Olympia

MLS Listing ID 2159407

Style 41 - Res-Over 1 Acre

Annual Tax Amount $2,157

Lot Size 6.630 Acres

Property Sub-Type Land

Property Description

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.

Location

State WA

County Thurston

Area 443 - Tumwater

Interior

Fireplace false

Exterior

Utilities Available Electricity Connected, Natural Gas Available, Septic Design Installed

View Y/N Yes

View Territorial

Building

Lot Description Paved

Sewer Available, In Street

Water Available, In Street, Private Well

Schools

Elementary Schools East Olympia Elem

Middle Schools George Wash Bush Mid

High Schools Tumwater High

School District Tumwater

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Brian Gass

+1(360) 201-0908

Designated Broker | License ID: 26737

Designated Broker License ID: 26737

9115 Old Highway 99 SE Olympia, WA 98501

Brian Gass

Key Details

Location

Interior

Exterior

Building

Schools

Others

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