• Schilter Farms - 3933 Ingleside Dr SE, Lacey, WA 98503

For Sale

Land

For Sale

This property is available for sale
8.33
Acres
$2,100,000
Sale Price
  • Total Building Size
    362,855 RSF
  • Overview

    8.33 acre site located in the heart of Lacey. Surrounded by fully improved streets and utilities, this site is perfect for Multifamily or Senior housing. As part of an overall community, the city is requiring the project to have a density of between 87 to 316 units depending upon site design. A typical garden style apartment project should achieve an overall unit count of between 130 and 160 units. Seller has completed some engineering, including soils tests, preliminary layout for a storm pond and some initial site plans.
    Location
    Located on 37th Avenue SE a couple of blocks west of College Street SE in Lacey, WA, this 8.33 acre multifamily parcel has an excellent location. This property is at the entrance to a residential community and has fully improved roads and utilities surrounding the property. Traffic counts show approximately 26,000 CPD at College and 37th. Demographics indication a total population of 72,000+ within 3 miles of the site.

    Highlights

    • Excellent site for Multifamily
    • 87 units to 316 units allowed per the City
    • Fully improved roads and utilities surround the site
    • Priced to sell quickly
    • Senior housing allowed

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Property Details

8.33 acre site located in the heart of Lacey. Surrounded by fully improved streets and utilities, this site is perfect for Multifamily or Senior housing. As part of an overall community, the city is requiring the project to have a density of between 87 to 316 units depending upon site design. A typical garden style apartment project should achieve an overall unit count of between 130 and 160 units. Seller has completed some engineering, including soils tests, preliminary layout for a storm pond and some initial site plans.
Location
Located on 37th Avenue SE a couple of blocks west of College Street SE in Lacey, WA, this 8.33 acre multifamily parcel has an excellent location. This property is at the entrance to a residential community and has fully improved roads and utilities surrounding the property. Traffic counts show approximately 26,000 CPD at College and 37th. Demographics indication a total population of 72,000+ within 3 miles of the site.

Highlights

  • Excellent site for Multifamily
  • 87 units to 316 units allowed per the City
  • Fully improved roads and utilities surround the site
  • Priced to sell quickly
  • Senior housing allowed

  • Property Type
    Land
  • Submarket
  • Sale Price
    $2,100,000
  • Total Building Size
    362,855RSF
  • Total Acres
    8.33
  • Last updated
    Jun 19, 2019
  • Property ID
    2090758

Landlord's Sales Representative

  • Steve Dorenbush, CCIM
    Keller Williams Commercial Offenbecher
     
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