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    OFF-MARKET
    Land

    607 Sleater Kinney Rd, Lacey, WA 98506

    19.55 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 19.55-acre commercial land parcel presents a remarkable development opportunity in Lacey, Washington. Located at 607 Sleater Kinney Rd NE, 98506, this property boasts a highly desirable RM-18 zoning, permitting the construction of multifamily dwellings. The site encompasses two tax parcels (APN: 11817210100, 11817210200) and offers significant potential for a variety of configurations. Extensive pre-development work has already been completed, including a detailed site plan, design review package, and conceptual design review prepared by Thomas Architectural Studios. Comprehensive civil designs are also in place. Furthermore, numerous studies have been conducted, encompassing wetlands, traffic, soils, trees, topography, and geotechnical assessments. The City of Lacey has been supportive of this project, recognizing its potential to contribute to the community. This prime location offers convenient access to I-5, placing it within easy reach of Olympia. Nearby amenities include schools, shopping centers, Safeway, Lowe's, medical facilities, restaurants, and public transportation. The seller is flexible regarding the closing timeline, making this an attractive investment opportunity. The asking price is $5,300,000.

    Property profile
    Verified
    Property type Land
    Lot 19.55 ac (851,598 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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