$10,500,000
29 Acres under the same family ownership for over 50 years and now on the market for the 1st time in over 1/2 century. One of the most developable sites in South Thurston County and one of only a few R8-24/1 zoned sites in the region. Up to 24 units per acre! Located at Interstate 5 exit 88 in the heart of one of the fastest growing commercial/industrial/multifamily districts along the I-5 corridor between Seattle and Portland. Multiple commercial/industrial projects progressing within minutes of this prime property. Site adjoins other high density "built out" SFR developments. The largest contiguous site offering this density zone available in the region. Owners preliminary review indicates likely 340 lots for townhomes + 20 units of multi-family. Multi family would be two 6-plex’s + two 4-plex’s.240 residential units possible. Or, modify to preference. In "Opportunity Zone" for extra tax incentives. Water/Sewer/Power services available. Property is tabletop flat with sandy/gravelly soil conditions. No wet areas, very good drainage. Full Street frontage along both the Northerly and Southerly boundaries. Attention developers, position yourself for the inevitable explosion of new employees coming to many new facilities now in the permitting process. New "CarMax" auto superstore facility under construction planned to be in operation in '27. This will be in complement to the nearby recently completed new 300,000 sq.ft. Electrolux complex and numerous other projects in the works.
2564060
MLS
⋅
ACTIVE
Status
6711 198th Avenue SW, Rochester
Listing Broker: Dream Weavers Inc.; Larry Weaver; 360-790-9101; larry@weaverland.com
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