120 Pattison Rd NE - Commercial LAND FOR SALE


Olympia, WA 98506- North Olympia265,716 SF
$2,650,000 USD
206-333-2724
120 Pattison Rd NE, Olympia, WA for Sale
$2,650,000 USD
Commercial LAND - FOR SALE
1/1
265,716 SF

120 Pattison Rd NE
Olympia, WA 98506
North Olympia


HIGHLIGHTS

  • Density Flexibility: Site plans for 82 townhomes with potential to develop up to 147 apartment units
  • Strong Employment Base: Near major government offices including the Thurston County Auditor’s Office and Thurston County Courthouse
  • Excellent Connectivity: Less than one mile from Interstate 5 and within walking distance to bus services and adjacent to intercity transit
  • Zoning Advantage: HDC-4 zoning supports higher-density residential and transit-oriented development
  • Attractive Basis: Offered at $2.65M ($434.4K per acre)

OVERVIEW

Olympia Martin Way Development Site offers a prime ±6.1-acre multifamily development opportunity across three parcels, with exceptional access, strong surrounding employment drivers, and meaningful land-use flexibility. The site currently has plans for 82 townhome units; however, zoning allows for an alternative development scenario accommodating up to 147 apartment units, providing multiple paths to maximize density and returns. Strategically located in East Olympia, the property sits directly across from Intercity Transit headquarters and in close proximity to key government employment centers, including the Thurston County Auditor’s Office, Thurston County Courthouse, and other county and state administrative offices. This concentration of stable public-sector employment provides a reliable renter base and supports long-term housing demand. The property is zoned HDC-4 (High Density Corridor), a designation intended to support higher-density residential development in transit-oriented areas. This zoning allows for a range of multifamily configurations, including townhomes and apartments, and is designed to encourage efficient land use, walkability, and proximity to public transit. The flexibility of HDC-4 zoning supports both the currently planned townhome project and a higher-density apartment alternative, allowing developers to align product type with evolving market demand. Offered at $2.65 million ($434,426 per acre), the Pattison Development Site represents a highly attractive, well-located, and flexible opportunity in a demand-driven and supply-constrained corridor.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/ACRE

$434,426/AC

PRICE/SF

$10 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Olympia Martin Way Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

6.1 AC

LAND SF

265,716 SF

OFFSITE IMPROVEMENTS

-

ZONING

HDC4

APN/PARCEL ID

34202700200,34202800600,34202900200

ASK ABOUT THIS PROPERTY

Tyler SmithNorthmarqMore Info
206-333-2724

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Tyler SmithNorthmarqMore Info
206-333-2724

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.