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11750 N US Highway 101
Shelton, WA 98584
The Station @ Shelton Springs · Multifamily Property For Sale
·
88 Units
Executive Summary
A premier development opportunity awaits at The Station at Shelton Springs, a fully approved Planned Unit Development poised to deliver legacy workforce housing to a supply-constrained market. Strategically positioned along Highway 101 across from Sanderson Airfield, this 3.63-acre site offers high visibility and excellent connectivity to Olympia and the I-5 corridor just 25 miles away.
This project is effectively shovel-ready, bypassing years of arduous approval processes. Key entitlements are already secured, including water and sewer utility extensions, parking reductions, high-density allowances, and a finalized SEPA determination. The approved site plan features 88 residential units (comprising 84 apartments and 4 townhomes) and a 3,000 SF commercial pad, with flexible zoning that allows for phased construction.
Located within a Qualified Opportunity Zone, investors can leverage potential tax deferral benefits for up to 10 years. With Shelton experiencing a critical housing shortage and limited utility connections for new projects, this offering represents a rare, turn-key entry into one of the region's most promising growth corridors. The current owners are amenable to retaining investment ownership or assisting through the permitting process, offering significant flexibility for the next developer.
Investment Highlights:
Project Size: 88 Units + 3,000 SF Retail (3.63 Acres)
De-Risked: Fully entitled with water/sewer secured and SEPA DNS finalized.
Incentives: Located in a Qualified Opportunity Zone.
Flexibility: Approved for 3-phase construction with mixed-use potential.
Would you like me to make any other adjustments to the details?
This project is effectively shovel-ready, bypassing years of arduous approval processes. Key entitlements are already secured, including water and sewer utility extensions, parking reductions, high-density allowances, and a finalized SEPA determination. The approved site plan features 88 residential units (comprising 84 apartments and 4 townhomes) and a 3,000 SF commercial pad, with flexible zoning that allows for phased construction.
Located within a Qualified Opportunity Zone, investors can leverage potential tax deferral benefits for up to 10 years. With Shelton experiencing a critical housing shortage and limited utility connections for new projects, this offering represents a rare, turn-key entry into one of the region's most promising growth corridors. The current owners are amenable to retaining investment ownership or assisting through the permitting process, offering significant flexibility for the next developer.
Investment Highlights:
Project Size: 88 Units + 3,000 SF Retail (3.63 Acres)
De-Risked: Fully entitled with water/sewer secured and SEPA DNS finalized.
Incentives: Located in a Qualified Opportunity Zone.
Flexibility: Approved for 3-phase construction with mixed-use potential.
Would you like me to make any other adjustments to the details?
Property Facts
| Price Per Unit | $24,781 CAD | Construction Status | Proposed |
| Sale Type | Investment | Building Size | 104,800 SF |
| No. Units | 88 | No. Stories | 3 |
| Property Type | Opportunity Zone |
Yes
|
|
| Zoning | MU - Mixed Use | ||
| Price Per Unit | $24,781 CAD |
| Sale Type | Investment |
| No. Units | 88 |
| Property Type | |
| Construction Status | Proposed |
| Building Size | 104,800 SF |
| No. Stories | 3 |
| Opportunity Zone |
Yes |
| Zoning | MU - Mixed Use |
Property Taxes
| Parcel Numbers | Improvements Assessment | $131,656 CAD | |
| Land Assessment | $813,155 CAD | Total Assessment | $944,811 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$813,155 CAD
Improvements Assessment
$131,656 CAD
Total Assessment
$944,811 CAD
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