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About this home
Pleased to present the Kaiser Road Development, an unentitled 0.83-acre site located at 546 Kaiser Rd SW in Olympia, WA. The site is flat and offers excellent street frontage, along with great access to transit. Zoned High Density Corridor 4 – Commercial District, the property comes with a preliminary plan in hand for a 35-unit building, and represents an excellent opportunity for 55+ senior housing or townhome development. Seller is willing to offer developer-friendly terms, providing additional flexibility for a well-capitalized buyer to structure a transaction around their development and capital timeline
This district is intended to: Provide for a compatible mix of high-intensity commercial, offices, and high-density multifamily residential uses.; Transform these areas to commercial and residential activity centers, over time.; Ensure that access to transit is a part of new projects.; Establish a street edge that is as continuous as possible with buildings which are close to the street and which have multiple floors, distinctive windows facing the street, and entrances that are visible from the street.; Create a safe, convenient, and attractive environment for pedestrians, transit riders, and bicyclists, and which includes parking and access for vehicles.
Permitted uses
Include but are not limited to:
Bank
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Office
Medical office
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 88° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
6 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Olympia, WA • 98502
Average low and high temperatures (°F)
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32
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49
36
58
37
64
42
70
47
75
50
75
53
70
49
56
39
48
38
45
36
Jan
Feb
Mar
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May
Jun
Jul
Aug
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Dec
Sun exposure
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
3.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 546 Kaiser Rd SW
$524,790
$210 under list price of $525K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $515K to $653K.