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Tumwater Light Industrial Parcel
For Sale
$450,000
Pending

9733 Lathrop Industrial Dr SW, Olympia, WA 98512

2-acre light industrial parcel in Tumwater, near I-5.

Property SizeContact for details
Days on Market1200

Property Features for 9733 Lathrop Industrial Dr SW

General Information

Standard status Pending
Property subtype Commercial
Listing Agency: KIDDER MATHEWS
Listed By: EVAN PARKER · License #81700
Source: Corcoran
Added: Jun 2, 2023 Changed: Sep 10 Last Checked: Sep 13 at 6:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KIDDER MATHEWS

Investment Insights

Based on property information with market context.

This 2-acre light industrial parcel is located in Tumwater, off 93rd Avenue and less than 1 mile from Interstate 5. The site is fenced and mostly paved, having been previously used as a contractor's yard. An easement on the south side of the property leaves approximately 61,000 square feet of fenced, usable area. The easement could be better utilized to enhance the property. Water and power are available. Sewer is not on site but is located near 93rd Avenue. This property is suitable for an owner-user, mini-storage, flex space, or a small industrial building.

Key Highlights

  • Convenient location: Less than 1 mile from Interstate 5 in Tumwater.
  • Fenced and mostly paved: Previously used as a contractor's yard, offering a secure and usable space.
  • Sizeable usable area: Approximately 61,000 SF of fenced usable area.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office Plumbing Service Bakery (Bike/Boat/Book/etc) Store HVAC Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

74
Businesses Nearby

Demographics for 98512, WA

31,422
Population
13,216
Households
2.4
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
138.7 sq mi
ZIP Area
227
Density / Sq Mi
$93,738
Median Household Income
$56,673
Median Earnings
$1,655
Median Rent
$438,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - 2-acre light industrial parcel in Tumwater, near I-5.
Where is this commercial land located?
The property is located at 9733 Lathrop Industrial Dr SW Olympia, WA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Convenient location: Less than 1 mile from Interstate 5 in Tumwater.; Fenced and mostly paved: Previously used as a contractor's yard, offering a secure and usable space.; Sizeable usable area: Approximately 61,000 SF of fenced usable area.
More about this property
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