Listing Agency: Kidder Mathews e***@kidder.com Show Phone

Listed By: Evan Parker · License #81700 Show Phone

Source: Moodyscre

Added: Sep 25, 2023 Changed: Aug 8 Last Checked: Jul 16 at 8:28AM

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Investment Insights

Based on property information with market context.

This property presents a rare opportunity for a small multifamily project, situated just two blocks from the State Capitol Campus. The corner lot is located in a quiet neighborhood and offers convenient access to both North and South Interstate 5, less than half a mile away. The area already features other apartment complexes that are currently at full occupancy. The property is zoned UR, with no maximum density restrictions and a height restriction of 55 feet. Its location provides close proximity to various amenities and services.

Key Highlights

• Rare opportunity for a small multifamily project.
• Located just 2 blocks from the State Capitol Campus.
• Great corner lot in a quiet neighborhood.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Pharmacy Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Electrical Service Cosmetic Store

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

1,147

Businesses Nearby

Explore this area Business Placement

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Land - Corner lot suitable for a multifamily project near the Capitol.

Where is this land located?

The property is located at 1200 Cherry St SE Olympia, WA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Rare opportunity for a small multifamily project.; Located just 2 blocks from the State Capitol Campus.; Great corner lot in a quiet neighborhood.