Auction Information
8.34 Acres in Lacey, WA
Property 1202-101
8.34 Acre Residential Development Site
Published Reserve
$395,500
Last Asking
$565,000
Size
8.34 acres
Zoning
Mixed Zoning(MMDC and MD). Please see Supplemental Information Package
Property Inspection
At Any Time
Financing
None All Cash
Description
This 8.34 acre residential development site is located in Thurston County, inside the Urban Growth Boundary for the city of Lacey. The property had been acquired for development as a senior living community with plans to develop a total of 130 units consisting of 26 independent living cottages, 75 units of independent living, and 29 units of assisted living within a central building. A market survey and geotechnical report are included in the
Supplemental Information Package.
There is frontage to the west along SleaterKinney Road and to the east from Abernethy Road NE, with excellent access to both I5 and Nor...
There is frontage to the west along SleaterKinney Road and to the east from Abernethy Road NE, with excellent access to both I5 and North Thurston High School. Zoning on the property is mixed, with a potential density of 812 units per acre (MMDC, Mixed Use Moderate Density Corridor) for the west half, and 612 units per acre (MD, ModerateDensity Residential) for the east half. All services are available to the property. Water service is provided by the city of Lacey and is currently limited to a maximum of five units due to a pending application by the city of Lacey with Washington State Department of Ecology for additional water rights.
There is an older home on the property and additional outbuildings that will need to be demolished prior to development.
Location
Township 18 North, Range 1 West, Section 8, Tax Lot 1180841103, 11808421104, 11808420100,11808421100, 11808421102. 1820 SleaterKinney Road
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