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3201 College St SE
Lacey, WA 98503
College St Development · Land For Sale
·
1.98 AC
Investment Highlights
- 1.98-acre development site with medium-density zoning allowing up to 16 units per acre.
- Located on College Street SE with direct access to major roadways and Interstate 5.
- Flat topography and efficient parcel layout suitable for multiple residential configurations.
- Close to schools, retail centers, and community amenities in a growing residential corridor.
Executive Summary
The College Street Development presents a 1.98-acre land opportunity in the growing city of Lacey, Washington. This two-parcel site is zoned for medium-density residential development, allowing up to 16 units per acre. The property’s flat topography and rectangular configuration provide an efficient layout for a variety of residential uses, including single-family homes, townhomes, duplexes, or three-story garden-style multifamily projects.
Located along College Street SE, one of Lacey’s primary thoroughfares, the site offers excellent connectivity to major arterials and Interstate 5, ensuring convenient access to Olympia, Tumwater, and the greater Thurston County region. The surrounding area features a strong mix of residential neighborhoods, schools, retail centers, and community amenities, creating a desirable environment for future residents.
With entitlement status currently open and development terms negotiable, this property offers flexibility for developers and investors seeking to capitalize on Lacey’s consistent population growth and demand for quality housing. The site’s proximity to employment hubs, educational institutions, and recreational amenities further enhances its long-term value proposition.
Located along College Street SE, one of Lacey’s primary thoroughfares, the site offers excellent connectivity to major arterials and Interstate 5, ensuring convenient access to Olympia, Tumwater, and the greater Thurston County region. The surrounding area features a strong mix of residential neighborhoods, schools, retail centers, and community amenities, creating a desirable environment for future residents.
With entitlement status currently open and development terms negotiable, this property offers flexibility for developers and investors seeking to capitalize on Lacey’s consistent population growth and demand for quality housing. The site’s proximity to employment hubs, educational institutions, and recreational amenities further enhances its long-term value proposition.
Property Facts
1 Lot Available
Lot
| Price | $1,160,775 CAD | Lot Size | 1.98 AC |
| Price Per AC | $587,068.32 CAD |
| Price | $1,160,775 CAD |
| Price Per AC | $587,068.32 CAD |
| Lot Size | 1.98 AC |
Development Land
Description
The property consists of two parcels totaling 1.98 acres located at 3201 College St SE in Lacey, Washington. It is zoned for medium-density residential use with a maximum density of 16 units per acre. The site has flat topography and is currently unentitled. Proposed development options include single-family homes, townhomes, multifamily, and duplexes. The property is situated along College Street SE, a primary corridor in Lacey, and is in proximity to retail, schools, and community amenities.
Property Taxes
| Parcel Numbers | Improvements Assessment | $509,897 CAD | |
| Land Assessment | $507,786 CAD | Total Assessment | $1,017,683 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$507,786 CAD
Improvements Assessment
$509,897 CAD
Total Assessment
$1,017,683 CAD
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