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Investment Highlights

  • 19.55 acres
  • Zoning is RM 18 for Multifamily allows many product configurations
  • Numerous studies completed including wetlands, traffic, soils, trees, topo, geotech, etc
  • 2 tax parcels
  • Site plan for 168 MF units and 75 Townhomes
  • Flexible seller on timing

Property Facts Under Contract

Price $5,300,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 19.55 AC
No. Stories 1
Zoning RM-18 - Residential Multi-family

1 Lot Available

Lot

Price $5,300,000
Price Per AC $271,099.74
Lot Size 19.55 AC

Description

Excellent development opportunity in the city of Olympia. Thomas Architectural Studios has prepared a detailed site plan, design review package, conceptual design review, along with numerous other documents and plans. Civil designs have been prepared as well. The city of Olympia has been cooperative and is a proponent of this project. Bayan Trails is well located, close to schools, shopping and many services. Freeway access to I-5 is nearby, along with Safeway, Lowes, medical services, restaurants and transit.

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 11817210100
  • 11817210200
Land Assessment
$1,315,200
Improvements Assessment
$34,900
Total Assessment
$1,350,100
  • Listing ID: 32922393

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 607-709 Sleater Kinney Rd NE, Olympia, WA 98506

Contact the Sale Advisor

607-709 Sleater Kinney Rd NE - Bayan Trails Development Land

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