Current Use by Public Records
- Land
Property Details for 5919 Ivan Way
- Lot size
- 4.54 lot acres
- Property type
- Land
Description
This exceptional 4.54-acre commercial land parcel presents a prime investment opportunity in the rapidly growing Grand Mound, Washington area. Strategically located on the I-5 corridor at Exit 88, this property boasts convenient access to major transportation routes, making it ideal for a variety of commercial uses. The land is zoned PI (Planned Industrial), offering flexibility for development. All necessary environmental studies are complete, including a gopher report, wetland report, and prairie habitat report. Utilities are readily available on-site, with sewer and water already connected. The level topography simplifies construction and development. This location offers high visibility from the major roadway, benefiting businesses seeking strong exposure. The Grand Mound area, situated approximately 15 miles southwest of Olympia, near the Thurston and Lewis County border, is experiencing significant commercial growth, with recent additions including a waterpark, hotels, a distillery, and several restaurants. This trend indicates a strong potential for future development and increased property value. The proximity to the Highway 12 junction further enhances the property's strategic advantage, attracting businesses seeking efficient logistics and convenient access to a wider market. Several light manufacturing and warehouse projects are currently underway in the area, highlighting the demand for industrial space in this thriving location. This property represents a rare opportunity to capitalize on the burgeoning commercial development within the I-5 corridor. The asking price is $900,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Thurston
- State
- Washington
- Longitude
- -123.006
- Latitude
- 46.8009
