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4800 College St SE - Multi-Family Development Opportunity 7.95 Acres of Residential Land Offered at $2,250,000 in Lacey, WA 98503
Executive Summary
Moderate Density Residential (MD) Zoning allows for residential development of 8-16 units per acre.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts Under Contract
| Price | $2,250,000 | Property Subtype | Residential |
| Sale Type | Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 7.95 AC |
| Property Type | Land | ||
| Zoning | MD - Moderate Density Residential; 8- 16 unites per acre | ||
| Price | $2,250,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 7.95 AC |
| Zoning | MD - Moderate Density Residential; 8- 16 unites per acre |
1 Lot Available
Lot
| Price | $2,250,000 | Lot Size | 7.95 AC |
| Price Per AC | $283,018.87 |
| Price | $2,250,000 |
| Price Per AC | $283,018.87 |
| Lot Size | 7.95 AC |
Multi-Family development opportunity adjacent to Providence Multi-Service Clinic complex.
Description
Situated in the city of Lacey, a densely populated suburb of Olympia with excellent proximity to freeways, parks, schools, healthcare, and retail amenities.
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Contacts
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Harrison Laird -
John Bauder CCIM -
Lee & Associates Commercial Real Estate Services
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