11750 Us Highway 101 Shelton, WA 98584
Fully entitled 88-unit PUD in Opportunity Zone.
Property Features for 11750 Us Highway 101
General Information
- Standard status
- Active
- Zoning
- UGA
Source:
Crexi
Listing Agency: Greene Commercial Listing Agent: Quint Newell
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Entitled Development Opportunity in Shelton
The Station at Shelton Springs presents a development opportunity featuring a fully approved Planned Unit Development (PUD) designed to provide workforce housing. Situated along Highway 101 across from Sanderson Airfield, the 3.63-acre site offers visibility and connectivity to Olympia and the I-5 corridor, which is 25 miles away. The project is effectively shovel-ready, with secured entitlements that include water and sewer utility extensions, parking reductions, high-density allowances, and a finalized SEPA determination. The approved site plan includes 88 residential units, consisting of 84 apartments and 4 townhomes, along with a 3,000 square foot commercial pad. Flexible zoning allows for phased construction. Located within a Qualified Opportunity Zone, investors can leverage potential tax deferral benefits for up to 10 years. The current owners are amenable to retaining investment ownership or assisting through the permitting process.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Shelton
- County
- Mason
- State
- Washington
- Longitude
- -123.139159
- Latitude
- 47.243658
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully entitled 88-unit PUD in Opportunity Zone.
Where is this mixed-use property located?
The property is located at 11750 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 Entitled 88-Unit PUD: Shovel-ready project, bypasses years of approval processes.; - Located in a Qualified Opportunity Zone: Potential tax deferral benefits for up to 10 years.; - High Visibility and Connectivity: Strategically positioned on Highway 101, 25 miles from I-5 and Olympia.
