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 (200 Days)
$1,975,000

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.

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 Jun 19 2024 at 7:41 AM PDT
Bathroom Details
Subdivision
  • Olympia
Lot Information
  • Paved
Property Features
  • Fireplace: 0
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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Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 08, 2024
Price Changed
$1,975,000
-14%
-325,000
Sep 18, 2023
Original Price
$2,300,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2024 6/19/24 00:41. 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.