Development Opportunity in Quiet
For Sale
$1,875,000
Pending
2640 Lilly Rd NE, Olympia, WA 98506
Land suitable for single-family homes or townhome development.
Property SizeContact for details
Days on Market385
Property Features for 2640 Lilly Rd NE
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
KW COMMERCIAL
(253) 840-5574
Listed By:
STEVE DORENBUSH, CCIM · License #117508
Source:
Corcoran
Added: Jul 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:51AM
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 KW COMMERCIAL
Investment Insights
Based on property information with market context.
This property presents an excellent development opportunity for single-family homes and/or townhomes. The zoning allows up to 8 units per acre, with a potential 15% bonus density for townhomes, estimating a maximum density of 55 lots. The property is level and has no known environmental issues. Sewer and water services are available in the street. It is well-located in a quiet neighborhood, with convenient access to schools, shopping, and restaurants. Situated on the corner of Lilly Rd NE and 26th Ave NE, and directly across the street from The Village at Mill Pond, the new community will benefit from excellent exposure.
Key Highlights
- Excellent development opportunity for single family and/or townhomes.
- Zoning allows up to 8 units per acre, plus a 15% bonus density for townhomes, estimated at a maximum density of 55 lots.
- Level property with no known environmental issues.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 98506, WA
19,198
Population
9,041
Households
2.1
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
22.4 sq mi
ZIP Area
857
Density / Sq Mi
$93,968
Median Household Income
$50,388
Median Earnings
$1,431
Median Rent
$469,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Land - Land suitable for single-family homes or townhome development.
Where is this land located?
The property is located at 2640 Lilly Rd NE Olympia, WA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Excellent development opportunity for single family and/or townhomes.; Zoning allows up to 8 units per acre, plus a 15% bonus density for townhomes, estimated at a maximum density of 55 lots.; Level property with no known environmental issues.
