9115 Old Highway 99 SE Olympia, WA 98501
Listing Courtesy of: Northwest MLS / Windermere Professional Partners / Drew Staudt

  9115 Old Highway 99 SE Olympia, WA 98501

Active (52 Days)
$2,300,000

Description

6.63 Acres of Development Land located w/in the UGA of Tumwater. MFM Zoning permits all configurations of multi-family housing, 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. Property consists of cleared & treed areas w/ level topo & no wetlands. Water & Sewer are about 1300 ft away along Hwy 99, though there are plans to run the lines to the intersection of Hwy 99 & 93rd Ave SE. At max density, this property could produce 99 units at $23.2K/unit. By incorporating the max affordable housing units, it could yield 133 units at $17.3K/unit. Priced at $7.96/SF

MLS #:
2159407
Taxes
$2,157(2023)
Lot Size
6.63 acres
Type
Land
Style
Res-Over 1 Acre
Views
Territorial
School District
Tumwater
County
Thurston County
Community
Olympia

Listed By

Drew Staudt, Windermere Professional Partners
Source
Northwest MLS as distributed by MLS Grid
Last checked Feb 22 2024 at 3:09 PM PST
Bathroom Details
Subdivision
  • Olympia
Lot Information
  • Paved
Utility Information
  • Utilities: Septic Design Installed, Natural Gas Available, Electricity Connected
  • Sewer: Available, In Street
School Information
  • Elementary School: East Olympia Elem
  • Middle School: George Wash Bush Mid
  • High School: Tumwater High
Additional Listing Info
  • Buyer Brokerage Commission: 2.5
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 2024 2/22/24 07:09. 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.