$ 1,975,000
9115 Old Highway 99 SE Olympia, WA 98501
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Listed by Windermere Prof Partners
$ 1,975,000
Est. payment /mo
Active
9115 Old Highway 99 SE Olympia, WA 98501
6.63 Acres Lot
UPDATED:
11/15/2024 12:59 AM
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 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
Waterfront No
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
"Three Trees" icon indicates a listing provided courtesy of NWMLS.