Listing Agency: Virgil Adams Real Estate, Inc. Show Phone

Listed By: Polly Barber Show Phone

Source: Exprealty

Added: Feb 8, 2022 Changed: Aug 20 Last Checked: Sep 2 at 12:05AM

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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 Virgil Adams Real Estate, Inc.

Investment Insights

Based on property information with market context.

This 5.99-acre property presents an investment opportunity. The listing comprises two parcels: Parcel #11826120104 (3.47 acres) and Parcel #11826120102 (2.52 acres). While there are some structures on the property, the value is primarily in the land itself. The property is zoned for moderate density and is located within the Urban Growth Area of Lacey. Timber is present on the property, and its value has been assessed. City sewer and water services are available on Marvin Rd SE. The location provides convenient access to I-5 and is near shopping, dining, and recreational venues, including the Regional Athletic Center (RAC) in the Hawks Prairie area.

Key Highlights

• 5.99 acres of land within the Lacey Urban Growth Area.
• Zoned for moderate density development.
• City sewer and water available on Marvin Rd SE.

Property Analytics

Property Profile

Current Use

American Legion Advocacy Group

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Law Firm Spa & Massage Center Pharmacy Storage Facility

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

66

Businesses Nearby

Explore this area Business Placement

Demographics for 98503, WA

40,346

Population

18,375

Households

2.2

Avg Household Size

38

Median Age

31%

College-Educated

93%

High-School Grad

11.1 sq mi

ZIP Area

3,635

Density / Sq Mi

$87,515

Median Household Income

$47,554

Median Earnings

$1,673

Median Rent

$407,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Land - 5.99 acres of land for sale in Olympia, WA.

Where is this land located?

The property is located at 2602 Marvin Rd Se Olympia, WA.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 5.99 acres of land within the Lacey Urban Growth Area.; Zoned for moderate density development.; City sewer and water available on Marvin Rd SE.