Entitled Development Opportunity in
For Sale
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11750 US-101, Shelton, WA 98584
Fully entitled 88-unit PUD in Opportunity Zone.
Property Size3,000 SF
Lot Size3.63 Acres
Price / SF$533.33
Days on Market179
Property Features for 11750 US-101
General Information
Standard status
Active
Size
3,000 SF
Lot size
3.63 Acres
Property subtype
Mixed Use, Multifamily, Retail
Zoning
UGA
Listing Agency:
Greene Commercial
(360) 688-8333
Listed By:
Quint Newell · License #WA 113575
Source:
Crexi
Added: Feb 14
Changed: Aug 8
Last Checked: Aug 12 at 4:02AM
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 Greene Commercial
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 98584, WA
39,266
Population
17,402
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
359.5 sq mi
ZIP Area
109
Density / Sq Mi
$73,149
Median Household Income
$41,593
Median Earnings
$1,250
Median Rent
$365,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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-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.
