Zoned High-Density Development
For Sale
$475,000
509 Mcphee Rd Sw, Olympia, WA 98502
Nearly one-acre level parcel zoned HDC-4 for high-intensity commercial, office, and high-density multifamily uses.
Property SizeContact for details
Lot Size0.97 Acres
Days on Market94
Property Features for 509 Mcphee Rd Sw
General Information
Standard status
Active
Lot size
0.97 Acres
Property subtype
Land
Zoning
HDC-4
Taxes and HOA fees
Annual Taxes
$2,798
Listing Agency:
Olympic Sotheby's Int'l Realty
Listed By:
Deborah Dunham-Bouis
(360) 528-4160
Source:
Exprealty
Added: Jun 3
Changed: Aug 28
Last Checked: Sep 1 at 10:09PM
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 Olympic Sotheby's Int'l Realty
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.
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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.
