$995,000

2 Bedrooms Single Family Detached

  • 2 Beds
  • 2 Baths
  • 2,883 Sqft
  • 1.02 Ac lot
  • Updated: June 22
  • MLS#2540889

About the Property

Exceptional investment and redevelopment opportunity in one of Olympia’s fastest-growing corridors! Situated on approximately one acre and surrounded by newer residential development, this property is zoned HDC-4, allowing for significant density and a wide range of housing options. Preliminary analysis indicates the potential for approximately 60–70 units with building heights up to 75 feet (b

Exceptional investment and redevelopment opportunity in one of Olympia’s fastest-growing corridors! Situated on approximately one acre and surrounded by newer residential development, this property is zoned HDC-4, allowing for significant density and a wide range of housing options. Preliminary analysis indicates the potential for approximately 60–70 units with building heights up to 75 feet (buyer to verify all development potential with the City of Olympia). The existing home provides immediate utility while plans are made for future development, creating an ideal hold-and-develop scenario. With strong demand for housing, excellent access to shopping, services, and major transportation routes, this is a rare chance to secure a high-density site in a rapidly evolving area. Whether you’re a builder, developer, or investor, the possibilities here are substantial. Opportunities like this are increasingly hard to find—bring your vision and capitalize on the growth happening all around you. Buyer to verify all information to their satisfaction. All utilities are on site. Sewer stub is now available right at the property line.

  • Property type

    House

  • Year built

    1930

  • Price/sqft

    $345

Features

  • Investment Property

Explore the Area

423 Franz Anderson Rd SE, Olympia, WA 98501, Washington, United States View on Google Maps
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Greg Pubols

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Greg Pubols
Washington, United States
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2024
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CENTURY 21 Blue Chip
CENTURY 21 Blue Chip
6711 Regents Blvd. STE A, 98466, University Place, Washington, United States
View agency profile
Last updated
June 22
First listed
Jun 22
Listing reference
98B818BC-AE20-4DF7-9056-5A96D8114219
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