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11750 N Us Highway 101 Shelton, WA 98584

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For Sale
$1,600,000

Approved PUD for 88 units and commercial space.

Lot size:
3.60 Acres

Property Features for 11750 N Us Highway 101

General Information

Standard status
Active
Lot size
3.60 Acres

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Listing Contact
Rick M. Wilson
Rick M. Wilson
Source: Corcoran

Listing Agency: VIRGIL ADAMS REAL ESTATE, INC. Listing Agent: Rick M. Wilson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Approved Development Opportunity in Shelton

This 3.6-acre commercial development opportunity features a fully approved Planned Unit Development (PUD) designed for six buildings, totaling 88 units and a 3,000 sq ft commercial pad. Known as The Station @ Shelton Springs, the development is planned to include 84 apartment units and 4 townhomes, with flexible mixed-use potential. The property is located along Hwy 101, with access from Shelton Springs Road, and directly across from Sanderson Airfield. This location provides connectivity to Olympia and I-5, which are 25 miles away. The property consists of three parcels within Mason County’s Urban Growth Area and is situated in an Opportunity Zone, potentially offering tax deferral benefits for up to 10 years. Approvals are already in place for water and sewer availability, high-density allowances, parking, open-space, and mixed-use zoning. Development can be completed in phases, and the zoning allows for multiple pathways if residential is not the preferred use. The property is intended to deliver housing to the area, with significant income-producing potential.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Pharmacy Auto Parts Store Department Store Skin Care Clinic Food Market

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Shelton
County
Mason
State
Washington
Longitude
-123.139159
Latitude
47.243658

FAQs

What type of property is this?
Commercial land - Approved PUD for 88 units and commercial space.
Where is this commercial land located?
The property is located at 11750 N Us Highway 101 Shelton, WA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Fully approved Planned Unit Development for 88 units and a 3,000 sq ft commercial pad, ready for near shovel-ready development.; - High-visibility location on Hwy 101, directly across from Sanderson Airfield, with easy access to Olympia and I-5 (25 miles).; - Located in an Opportunity Zone, offering potential tax deferral benefits for up to 10 years.
More about this property
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