509 McPhee Rd SW Olympia, WA 98502

Listing agency Greene Commercial q***@greenerealty.com Show Phone

Listed by Quint Newell · License #WA 113575

Source Crexi

Added: Jun 3 Updated: Jul 21 at 3:32AM Checked: Jul 21 at 3:32AM

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Investment Insights

Based on property information with market context.

Development land totaling nearly one acre and presented as a level site. The property is zoned High Density Corridor 4 (HDC-4), a designation intended to support a compatible mix of high-intensity commercial spaces, professional offices, and high-density multifamily residential developments.

The parcel is described as centrally located near major employment and activity centers, including Capital Mall, MultiCare Capital Medical Center, and Olympia Orthopaedics Associates' Surgery Center. This location profile may appeal to users and developers looking for access to established economic drivers while working within the HDC-4 zoning framework.

For buyers evaluating site opportunities in Olympia, the key practical feature here is the combination of a level development footprint and an HDC-4 zoning allocation designed to accommodate multiple high-density use types.

Key Highlights

• 0.97‑acre level development site in West Olympia.
• Zoned High Density Corridor 4 (HDC‑4), designed for a compatible mix of high‑intensity commercial spaces, professional offices, and high‑density multifamily development.
• Centrally located near Capital Mall, MultiCare Capital Medical Center, and Olympia Orthopaedics Associates' Surgery Center.

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FAQs

What type of property is this?

Commercial land - Nearly one-acre level parcel zoned HDC-4 for high-intensity commercial, office, and high-density multifamily uses.

Where is this commercial land located?

The property is located at 509 McPhee Rd 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: 0.97‑acre level development site in West Olympia.; Zoned High Density Corridor 4 (HDC‑4), designed for a compatible mix of high‑intensity commercial spaces, professional offices, and high‑density multifamily development.; Centrally located near Capital Mall, MultiCare Capital Medical Center, and Olympia Orthopaedics Associates' Surgery Center.