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Lacey WA Land For Sale
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805 CARPENTER RD, Lacey, WA 98503

I-5 visible land with easy access and development potential.

Property Size7 SF
Lot Size7.21 Acres
Price / SF$2.00
Days on Market251

Property Features for 805 CARPENTER RD

General Information

Standard status Active
Size 7 SF
Lot size 7.21 Acres
Property subtype Land
Listing Agency: SVN | Retter & Company
Listed By: Taylor Gibbons
Source: Svn
Added: Jan 27 Changed: Oct 1 Last Checked: Oct 4 at 8:35AM

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 SVN | Retter & Company

Investment Insights

Based on property information with market context.

Located a ten-minute drive from Washington's Capitol City in Lacey, WA, this property features I-5 visibility and easy access from Carpenter Road. It comprises two newly graded and filled parcels, along with two additional parcels. Zoned Central Business District 6, the site permits a wide variety of uses, including office, multi-family residential, and hotel developments. Lot 2 and Lot 3 each measure 64,033 square feet (1.47 acres), Lot 4 is 84,771 square feet (1.95 acres), and Lot 5 is 101,110 square feet (2.32 acres), totaling 313,947 square feet (7.21 acres). The property is located in an Opportunity Zone. Utilities are available to the site, with sewer and water access to the fire hydrant along 9th Ln NE. A pocket gopher study is not required for this location. There is no maximum density for residential development; the maximum number of units will be limited by factors such as building height, parking, and utility capacity. The building height limit is 80 feet.

Key Highlights

  • Zoned Central Business District 6: Allows for Office, Multi‑Family, and Hotel.
  • I‑5 Visible Site: High visibility location with easy access.
  • Significant Land Area: Total of 7.21 acres across four parcels.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Parts Store HVAC Service Garden Center Big Box & Wholesale Store

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

270
Businesses Nearby

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
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?
Commercial land - I-5 visible land with easy access and development potential.
Where is this commercial land located?
The property is located at 805 CARPENTER RD Lacey, WA.
What are key features of this property?
This property features: Zoned Central Business District 6: Allows for Office, Multi‑Family, and Hotel.; I‑5 Visible Site: High visibility location with easy access.; Significant Land Area: Total of 7.21 acres across four parcels.
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