4300 Capitol BlvdTumwater, WA 98501

Property Details for 4300 Capitol Blvd

Lot size

3.47 AC

Property size (Sq ft)

88,148 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a fully entitled, shovel-ready 95-unit apartment development situated on a 3.47-acre lot in Tumwater, Washington. Located at 4300 Capitol Blvd SE, this Class A property boasts 88,148 square feet of total space, with 73,792 square feet of net rentable area. The development features 112 parking spaces and oversized units averaging 777 square feet. Its prime location offers sweeping views of the Tumwater Valley Golf Club and convenient access to Interstate 5, as well as proximity to the new Craft district and numerous amenities. The property is zoned for the Brewery District and benefits from an 8-year tax abatement from the City of Tumwater, with no affordability covenants. Building permits are readily available, allowing for immediate project commencement and precise budget forecasting. This presents a unique opportunity for investors seeking a high-return, low-risk multifamily development project with significant scheduling flexibility. The Thurston County property, APN 3387-00-00400, is ready for immediate development.

Location Insight

City

Tumwater

County

Thurston

State

Washington

Latitude

47.0079

Longitude

-122.906

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