State Route 507 Yelm, WA 98597
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for State Route 507
- Property type
- Commercial real estate
Description
This exceptional 5.12-acre commercial parcel presents a unique investment opportunity in Yelm's thriving business district. Strategically located north of Highway 507, this C-3 zoned property boasts unparalleled visibility and direct highway access, ensuring high traffic exposure for any development. While currently undeveloped, the land comes with comprehensive environmental reports, including a December 2017 Wetland Delineation and Rating Report and a 2019 Pocket Gopher and Prairie Survey Report, streamlining the development process. Note that a 250-foot wide powerline easement traverses the property from southwest to northeast. The property's adjacency to a densely developed commercial area further enhances its value and potential. The C-3 zoning allows for a wide range of uses, including retail and service businesses, mixed-use developments, childcare facilities, storage units, and sales and service centers for automobiles, boats, recreational vehicles, modular homes, farm equipment, and recycling operations. This prime location and flexible zoning make this parcel ideal for entrepreneurs and investors seeking a high-impact commercial venture in a rapidly growing area. The existing environmental studies significantly reduce potential development hurdles, making this a truly exceptional opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yelm
- County
- Thurston
- State
- Washington
- Longitude
- -122.618
- Latitude
- 46.9362