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Entitled Development Site in Olympia
For Sale
$475,000

1450 Evergreen Park Dr SW, Olympia, WA 98502

27-unit development site with site plan approval in Olympia, WA.

Property SizeContact for details
Days on Market308

Property Features for 1450 Evergreen Park Dr SW

General Information

Standard status Active
Property subtype Commercial
Listing Agency: KIDDER MATHEWS
Listed By: TED SIPILA · License #24761
Source: Corcoran
Added: Oct 9, 2025 Changed: Aug 8 Last Checked: Jul 16 at 7:48AM

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 KIDDER MATHEWS

Investment Insights

Based on property information with market context.

The Evergreen Development is an entitled 27-unit site situated on the last undeveloped parcel on the Evergreen Park loop in Olympia, WA. The site plan has already been approved by the City of Olympia. The community features a spacious and diversified unit mix, surface parking, and a three-story design. The location provides immediate access to HWY 101 and proximity to downtown Olympia. It is also near local State and Healthcare employment opportunities and retail amenities.

Key Highlights

  • Entitled 27‑unit development site ready for construction.
  • Site plan approval in‑hand, allowing for quick building permit acquisition (within 6 months).
  • Prime location on the last undeveloped parcel on the Evergreen Park loop.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Building Supply HVAC Service Pharmacy Big Box & Wholesale Store Parking Lot & Garage 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

998
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 27-unit development site with site plan approval in Olympia, WA.
Where is this residential land & home lot located?
The property is located at 1450 Evergreen Park Dr SW 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: Entitled 27‑unit development site ready for construction.; Site plan approval in‑hand, allowing for quick building permit acquisition (within 6 months).; Prime location on the last undeveloped parcel on the Evergreen Park loop.
More about this property
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