Listing Agency: Olympic Sotheby's international realty q***@greenerealty.com Show Phone

Listed By: Quint Newell · License #113575 Show Phone

Source: Moodyscre

Added: Aug 27, 2024 Changed: Aug 8 Last Checked: Jul 15 at 9:19PM

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Investment Insights

Based on property information with market context.

This 6.64-acre property in Olympia, Washington, presents a multi-family development opportunity. The site consists of 6 parcels with RM-18 density zoning. The location is suitable for future multi-family projects or business parks. Situated minutes from Black Lake Blvd amenities, South Puget Sound Community College (SPSCC), and the freeway, the property offers a central location. Utilities are available on the cul-de-sac.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick HVAC Service Building Supply Big Box & Wholesale Store Pharmacy Storage Facility Electrical Service

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

686

Businesses Nearby

Explore this area Business Placement

Demographics for 98502, WA

35,698

Population

15,550

Households

2.3

Avg Household Size

41

Median Age

52%

College-Educated

97%

High-School Grad

63.4 sq mi

ZIP Area

563

Density / Sq Mi

$87,154

Median Household Income

$46,404

Median Earnings

$1,569

Median Rent

$496,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - 6.64 acres of land suitable for multi-family or business park.

Where is this commercial land located?

The property is located at 1900 Caton Way SW Olympia, WA.

What is the asking price?

The asking price for this property is $3,200,000.