

Lacey Land
0.99 AC Vacant Lot Located within the Lacey Corporate Center | For Sale $772,000
Marketing description
The subject property is a vacant lot located within the Lacey Corporate Center, which is an office planned development located at the northwest quadrant of College Street SE and Yelm Highway SE, next to the Lacey Crossroad development, which is predominantly retail.
Lowes anchors the Crossroads development and various retail and financial companies occupying the majority of the southeast portion of the property. The subject property is surrounded by office users, including two Twin star Credit Union administrative and technical facilities, a school/day care center and three senior housing/rehab/skilled care facilities. Two lots directly across the street are owned by local investors, and the properties are now under contract with plans for over 200 apartments with a 3,000 square foot “conference center”, which will be permitted by the Lacey Corporate Center HOA.
There is documentation from the city that there will be no traffic mitigation fees for the development of the subject parcel. The binding site plan allows for a 10,000 square foot building to be constructed on the subject parcel. Owner will build to suit for tenant.
The property is “Community Office” (CO) in the city of Lacey, which allows for professional and medical offices, daycare centers and senior housing, some light manufacturing and retail, only on the ground floor of a mixed-use project.
Situated in the heart of Lacey’s thriving commercial district, this premium land parcel offers an exceptional opportunity for investors and developers looking to capitalize on a high-growth area. Located near Lacey Crossroads, a bustling retail and business hub, this site benefits from strong traffic counts, excellent accessibility, and a well-established surrounding community. With a prime location in a rapidly expanding market, this commercial parcel is a rare opportunity to establish a presence in one of Lacey’s most desirable business destinations.
Investment highlights
Binding Site Plan allows for a 10,000 sf building
Shared access with adjacent tenant b Portion of parking is in place
The storm drain retention is in place
No traffic mitigation
All utilities to site
Undivided 50% interest in Tracts A & B add an additional 17,197 SF
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