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905 Carpenter Rd Lacey, WA 98503

OFF-MARKET Land Google Maps
1.64 ac lot
Estimated value
No estimation on file for this property yet.
Property ID US90-1238988

Property summary

AI-generated overview

This exceptional 1.64-acre parcel presents a rare opportunity for commercial development in Lacey, Washington. Strategically located on the highly trafficked Carpenter Road SE, this property represents the last remaining commercially zoned land in this desirable section. The zoning designation is CBD 4, offering a wide array of permitted uses, including but not limited to car washes, medical facilities, retail establishments, pharmacies, and daycare centers. The versatility of this zoning allows for significant flexibility in development plans, catering to a diverse range of commercial ventures. The property's prominent location ensures high visibility and accessibility, making it an ideal site for businesses seeking maximum exposure. With its substantial size and prime location, this land offers exceptional potential for investors and developers seeking a lucrative investment in a thriving commercial area. The address is 905 Carpenter RD SE, Lacey, WA 98503, within Thurston County. The asking price for this unique opportunity is $950,000. This is a truly exceptional opportunity to acquire a highly desirable commercial property in a rapidly growing market. Don't miss out on this chance to secure a prime piece of Lacey real estate.

Property profile

Verified
Property type Land
Lot 1.64 ac (71,438 SF)
UPID US90-1238988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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