9115 Old Highway 99 SE
Olympia, WA 98501
6.63 acres | #2159407
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.
Property Details
- Utility FeaturesElectricity Connected, Natural Gas Available, Septic Design Installed
- Utility SourceAvailable, In Street, Private Well
- Sewer InformationAvailable, In Street
- Style41 - Res-Over 1 Acre
- Middle SchoolGeorge Wash Bush Mid
- Date ListedSeptember 18, 2023
- Elementary SchoolEast Olympia Elem
- High SchoolTumwater High
- ViewTerritorial
- Structure TypeUnspecified
- Original List Price$2,300,000
- Property TypePurchase
- School DistrictTumwater
- CountyThurston
- SubdivisionOlympia
- MLS #2159407
- Cost1975000
- MLS #2159407
- Taxes Annual$2,157
- Lot DescriptionPaved
- Acres6.63
- Property SubtypeLand
- Days on Market (Cumulative)317
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-14 16:59:18. All data is obtained from various sources and may not have been verified by 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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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Drew Staudt (#NWM111312)
Listing Office: Windermere Prof Partners (#NWM902)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
