Prime Development Opportunity – Vacant Land with V(U)C Zoning This outstanding vacant parcel offers excellent flexibility and investment potential. Zoned V(U)C (Village Urban Center), it supports a wide range of uses including residential (single family or multifamily), commercial, retail, office, and mixed-use development — giving you maximum versatility with fewer restrictions. Prime Central Location Perfectly situated with easy access to the Regional Athletic Center, major shopping, and daily amenities. Just minutes from I-5 and Joint Base Lewis-McChord (JBLM), the property is ideally positioned to serve both the local community and the large military population. High Traffic & Utilities Ready Enjoy strong daily traffic counts for excellent visibility and exposure. All utilities are on or near the property, making it essentially shovel-ready and helping reduce development time and costs. This centrally located, high-visibility site in a high-growth corridor is perfect for developers, investors, or business owners looking for a high-potential project with strong connectivity and demand.
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Zillow last checked:
Listing updated:
Listed by:
Joshua Abbey,
Abbey Realty Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2548088
Facts & features
Interior
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Lot
Size: 0.71 Acres
Details
Parcel number: 11823110102
Zoning description: Multi-Family,Jurisdiction: County
Special conditions: Standard
Utilities & green energy
Electric: In Street
Gas: In Street
Sewer: Available
Water: Available, In Street
Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
Subdivision: Union Mills
Location
Region: Olympia
Financial & listing details
Tax assessed value: $183,800
Annual tax amount: $1,847
Date on market: 7/9/2026
Cumulative days on market: 9 days
Listing terms: Conventional
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,724/mo
Price history
Date
Event
Price
7/10/2026
Listed for sale
$225,000+85%
Source: NWMLS as distributed by MLS GRID #2548088Report a problem
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.