9115 Old Highway 99 SE
Olympia, WA 98501

6.63 Acres of Development Land located w/in the UGA of Tumwater. MFM Zoning permits all configurations of multi-family housing, 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. Property consists of cleared & treed areas w/ level topo & no wetlands. Water & Sewer are about 1300 ft away along Hwy 99, though there are plans to run the lines to the intersection of Hwy 99 & 93rd Ave SE. At max density, this property could produce 99 units at $23.2K/unit. By incorporating the max affordable housing units, it could yield 133 units at $17.3K/unit. Priced at $7.96/SF