- Listing #:
- 2159407
- Price:
- $1,975,000
- Status:
- Active
- Property Type:
- Land
- Type:
- Res-Over 1 Acre
- # of Acres:
- 6.63
- Year Built:
- 2000
- Comm/Assn:
- Olympia
- City:
- Olympia
- County:
- Thurston
- State:
- WA
- Zip:
- 98501
- Right of 1st Refusal:
- No
QR Code
Description
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.
Property Features
- Bedrooms Possible:
- - 3
- Electric On Property Y/N:
- - Yes
- Lot Features:
- - Paved
- Electricity Status:
- - On Property
- Gas Status:
- - In Street
- Improvements:
- - Dwelling
- - Outbuilding(s)
- Property Features:
- - Garden/Fruit Trees
- - Lightly Treed
- - Partially Cleared
- - Pasture Land
- Restrictions:
- - See Remarks
- Road Information:
- - County Maintained
- - Paved
- Road On Which Side:
- - North & South
- Senior Exemption:
- - false
- Septic Design Installed:
- - true
- Style Code:
- - 41 - Res-Over 1 Acre
- Water Jurisdiction:
- - Private
- Zoning Class:
- - Residential
- Zoning Jurisdiction:
- - See Remarks
- Parcel Number:
- - 12713420400
- Possible Use:
- - Residential
- Road Responsibility:
- - County
- :
- - Territorial
- Structure Type:
- - Unspecified
- Annual Tax Amount:
- - $2,157.00
- Tax Year:
- - 2023
- View Y/N:
- - Yes
- Water Source:
- - Available
- - In Street
- - Private Well
- Zoning Description:
- - MFM