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1305 Cooper Point Rd SW

12.33 Acres of Commercial Land in Olympia, WA 98502

Investment Highlights

  • Viable development opportunity with potential grant assistance

Executive Summary

Kidder Mathews is pleased to present 1305 Cooper Point Road SW as a development opportunity that could be purchased or ground leased.
The subject property is located in a dynamic retail trade area with dense population, above average traffic counts and public transportation. The Brownfield former landfill site has undergone extensive environmental studies over the years and now with a remediation plan in process, the property is a viable development opportunity with potential grant assistance. Surrounded by national retailers, this property provides a unique opportunity for tenants and developers alike. In the interior of this retail trade area of West Olympia area, there are currently no parcels of this size (12.33 acres) recently traded or available. Off of Highway 101, Black Lake Boulevard is the prime access point to West Olympia, which includes Capital Mall, the Olympia Auto Mall, Safeway, Haagen, Home Goods, and more . A new off ramp is planned, which will provide increased access and visibility to the subject property. This is the first time this property has been available in decades, as it was previously owned by the City of Olympia and had unmitigated environmental hurdles. Now, it provides a clear path for developers in a prime, highly sought after location.
*Multifamily development is not possible.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 12.33 AC

1 Lot Available

Lot

Lot Size 12.33 AC

12.33 acres of Vacant Land zoned General Commercial (GC). Site is approximately 4' above neighboring properties but primarily flat with minimal sloping

Description

Brownfield former landfill site, previously owned by the City of Olympia.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12821240103
Land Assessment
$3,120,066 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,120,066 CAD

zoning

Zoning Code GC (General Commercial)
GC (General Commercial)
  • Listing ID: 20433807

  • Date on Market: 2020-07-28

  • Last Updated:

  • Address: 1305 Cooper Point Rd SW, Olympia, WA 98502

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