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120 Pattison Rd NE - Olympia Martin Way Development Site Lot • Terrain commercial • 6,1 Acres • 3 691 026 $ CAD • Olympia, WA 98506
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Faits saillants de l'investissement
- Density Flexibility: Site plans for 82 townhomes with potential to develop up to 147 apartment units
- Excellent Connectivity: Less than one mile from Interstate 5 and within walking distance to bus services and adjacent to intercity transit
- Attractive Basis: Offered at $2.65M ($434.4K per acre)
- Strong Employment Base: Near major government offices including the Thurston County Auditor’s Office and Thurston County Courthouse
- Zoning Advantage: HDC-4 zoning supports higher-density residential and transit-oriented development
Résumé de l'annonce
Olympia Martin Way Development Site offers a prime ±6.1-acre multifamily development opportunity across three parcels, with exceptional access, strong surrounding employment drivers, and meaningful land-use flexibility. The site currently has plans for 82 townhome units; however, zoning allows for an alternative development scenario accommodating up to 147 apartment units, providing multiple paths to maximize density and returns.
Strategically located in East Olympia, the property sits directly across from Intercity Transit headquarters and in close proximity to key government employment centers, including the Thurston County Auditor’s Office, Thurston County Courthouse, and other county and state administrative offices. This concentration of stable public-sector employment provides a reliable renter base and supports long-term housing demand.
The property is zoned HDC-4 (High Density Corridor), a designation intended to support higher-density residential development in transit-oriented areas. This zoning allows for a range of multifamily configurations, including townhomes and apartments, and is designed to encourage efficient land use, walkability, and proximity to public transit. The flexibility of HDC-4 zoning supports both the currently planned townhome project and a higher-density apartment alternative, allowing developers to align product type with evolving market demand.
Offered at $2.65 million ($434,426 per acre), the Pattison Development Site represents a highly attractive, well-located, and flexible opportunity in a demand-driven and supply-constrained corridor.
Strategically located in East Olympia, the property sits directly across from Intercity Transit headquarters and in close proximity to key government employment centers, including the Thurston County Auditor’s Office, Thurston County Courthouse, and other county and state administrative offices. This concentration of stable public-sector employment provides a reliable renter base and supports long-term housing demand.
The property is zoned HDC-4 (High Density Corridor), a designation intended to support higher-density residential development in transit-oriented areas. This zoning allows for a range of multifamily configurations, including townhomes and apartments, and is designed to encourage efficient land use, walkability, and proximity to public transit. The flexibility of HDC-4 zoning supports both the currently planned townhome project and a higher-density apartment alternative, allowing developers to align product type with evolving market demand.
Offered at $2.65 million ($434,426 per acre), the Pattison Development Site represents a highly attractive, well-located, and flexible opportunity in a demand-driven and supply-constrained corridor.
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 3 691 026 $ CAD | Taille du lot | 6,10 AC |
| Prix par AC | 605 086,24 $ CAD |
| Prix | 3 691 026 $ CAD |
| Prix par AC | 605 086,24 $ CAD |
| Taille du lot | 6,10 AC |
±6.1-acre multifamily development opportunity across three parcels.
1 1
Moyennement praticable à pied
60/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun relativement accessibles
40/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 34202700200 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 636 528 $ CAD | Évaluation totale | 636 528 $ CAD |
Impôts fonciers
Numéro de lot
34202700200
Évaluation du terrain
636 528 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
636 528 $ CAD
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120 Pattison Rd NE - Olympia Martin Way Development Site
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