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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 hand.

Property SizeContact for details
Days on Market226

Property Features for 1450 Evergreen Park Dr SW

General Information

Standard status Active
Property subtype Vacant Land
Listing Agency: Kidder Mathews
Listed By: David A. Kelley
Source: Chehalisvalleyrealty
Added: Mar 5 Changed: Oct 9 Last Checked: Oct 7 at 5:32PM

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

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Investment Insights

Based on property information with market context.

This is an entitled 27-unit development site located on the last undeveloped parcel on the Evergreen Park loop in Olympia, WA. The development, named Evergreen, is a well-designed community featuring a spacious and diversified unit mix, surface parking, and a three-story design. With site plan approval in-hand from the City of Olympia, the buyer can proceed with construction drawings and obtain a building permit, potentially starting construction in the spring. Future residents will have immediate access to HWY 101, proximity to downtown Olympia, and access to job opportunities with local State and Healthcare employment, as well as retail amenities.

Key Highlights

  • Entitled 27‑unit development site with site plan approval in‑hand.
  • Last undeveloped parcel on the Evergreen Park loop.
  • Potential for building permit within 6 months, ready for a Spring build.

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

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

649
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 hand.
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 with site plan approval in‑hand.; Last undeveloped parcel on the Evergreen Park loop.; Potential for building permit within 6 months, ready for a Spring build.
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