6.63 Acres of Development Land w/ MFM Zoning which permits all configurations of multi-family, townhouses, rowhouses, manufactured home parks, senior housing, cottage housing, & more. Density of 9-15 units/acre, but possible to increase to 20 units/acre by incorporating permanently affordable housing units. Max height of 40 ft. Level topo & no wetlands. Mostly treed w/ some clear areas. Water & Sewer are about 1300 ft away along Hwy 99 with plans in place to run the lines past property to near intersection. At max density, this property could produce 99 units at $19.9K/unit. By incorporating the max affordable housing units, it could yield 133 units at $14.8K/unit. Priced at $6.84/SF. Located w/in the UGA of Tumwater.
Active
Listed by:
Drew Staudt,
Windermere Prof Partners
$1,975,000
9115 Old Highway 99 SE, Olympia, WA 98501
--beds
--baths
6.63Acres
Unimproved Land
Built in ----
6.63 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Level topo
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