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$4,950,000
2535090 MLS ⋅ ACTIVE Status
LAST LARGE LOT ON YELM HIGHWAY - 8.83 acres! High Traffic Counts (~30,000 vpd)... Zoned Commercial/Multi-Family/Residential/Retail/Office/Medical--- all possible! LOWE'S, WAL MART, SAFEWAY, QFC, STARBUCKS, BURGER KING, MC DONALDS, TACO BELL, CHIPOTLE, RITE AID....are all nearby! Mostly flat and cleared. All Utilities available on both Rich Rd and Yelm Hwy! One of the nicest areas of Olympia and Olympia schools nearby!

2915 Yelm Highway SE, Olympia

Listing courtesy of RE/MAX Parkside Affiliates.

$4,500,000
2453263 MLS ⋅ ACTIVE Status
Timbered 330+/- acres located south of Rainier, Washington. Level to rolling topography across 19 parcels with views of Mt Rainier! Fish for bass in Lake Fifteen which is entirely within the boundaries of the property. Various aged timber stands with almost 140 acres in 30+ year old stands. Scattered stands of 100 year old timber! Gated access via two paved, county roads. Power and phone in street. Cable through a portion of the internal road network. Numerous trails and roads for recreation. Wildlife galore! Thurston County RRR 1/5 zoning provides future subdivision potential. Whether you're looking for a one-of-a-kind private estate, a private getaway, recreational tract or a potential housing development, this one has it all!

132 xx Algyer Road SE, Rainier

Listing courtesy of Coldwell Banker Bain.

$2,500,000
2495804 MLS ⋅ ACTIVE Status
Prime opportunity in Tumwater, WA featuring 9.53 acres with 6+ acres of of Comm. Grade Timber and zoned Light Industrial-ideal for commercial land developers or investors seeking flexibility and long-term upside. This expansive parcel offers a rare combination of privacy, natural surroundings, easy Interstate access, 1/2 mile to Olympia Airport, all utilities are in street, and light industrial zoning, making it well-suited for a variety of uses. The second parcel has a 2,300 sq ft home currently used as a rental, providing immediate income potential. With strong development potential in a growing area, this property is a strategic investment for builders and investors looking to capitalize on future growth.

809 Tumwater Boulevard SE, Olympia

Listing courtesy of WEICHERT, Realtors Reynolds RE.

$2,350,000
2549015 MLS ⋅ ACTIVE Status
Exceptional residential development opportunity within the City of Yelm. This ±8.74-acre property is zoned R-6 Medium Density Residential and offers excellent potential for a thoughtfully designed single-family subdivision. A professional conceptual site plan prepared by Patrick Harron & Associates demonstrates the feasibility of approximately 49 residential lots, providing developers with a potential layout. City allows for 20% density bonus under certain conditions. The property is currently vacant, undeveloped, and relatively flat, allowing for minimal land prep required. Conveniently located near existing residential growth, schools, parks/trails, shopping, and major commuter routes, the site is well positioned to meet continued housing demand in one of Thurston County's fastest-growing communities. Water and sewer infrastructure are available at the street (buyer to verify capacity and connection requirements). Annexation and zoning work have already been completed, allowing developers to focus on advancing project approvals. Conceptual site plan, supporting development information, and additional due diligence materials are available. Buyer to verify all development potential, density, utility capacity, permitting requirements, and intended use to their satisfaction.

16643 Canal Road SE, Yelm

Listing courtesy of John L. Scott Lacey.

$2,200,000
2503823 MLS ⋅ ACTIVE Status
Unlock the full potential of this 7-acre development site in the fast-growing market of Yelm. Recently rezoned to R-16, this property is positioned for higher-density residential development with utilities (water and sewer) readily available in the street - reducing upfront infrastructure costs and accelerating your timeline to build. Strategically bordered by R-6 zoning, the project benefits from built-in density balance- supporting strong absorption rates while avoiding over-saturation. The flat, usable acreage on Yelm's desirable east side allows for efficent site planning and maximum yield. Located minutes from Joint Base Lewis-McCord long term lifestyle appeal for future buyers. Yelm continues to experience rapid population growth and housing demand outpacing supply - making this a prime opportunity for developers and investors seeing strong returns in an emerging market.

10022 Grove Road SE, Yelm

Listing courtesy of Windermere RE West Campus Inc.

$1,999,000
2556864 MLS ⋅ ACTIVE Status
Builders Developers Investors. 16 ready to build lots in established Deschutes Heights neighborhood. 13 lots on the ridge overlooking the Deschutes River and an additional 3 lots on the interior cul de sacs. Paved roads and all infrastructure is in place. Utilities in the street.

0 XXXX 79th Avenue SE, Tumwater

Listing courtesy of Olympic Sotheby's Int'l Realty.

$1,999,000
2269470 MLS ⋅ ACTIVE Status
Over 100 acres of recreational timberland located just east of Centralia! Thompson Creek Road frontage along entire west side and an old road grade/trail along the creek side on the East. Commercially managed stands with 80+/- acres of 27 year old Douglas Fir and about 18 acres of 13 year old Douglas Fir. Gentle topography and sweeping territorial views would make for a nice home site!

217 XX Thompson Creek Road, Tenino

Listing courtesy of Coldwell Banker Bain.

$1,800,000
2531310 MLS ⋅ ACTIVE Status
Exceptional 4.3-acre development opportunity in the heart of Yelm! Offered with a 23-lot preliminary plat and engineering already completed, this property presents a rare chance for builders and developers to accelerate their timeline and capitalize on the area's continued growth and strong housing demand. Utilities are in the street, helping streamline the development process and reduce upfront infrastructure hurdles. The property includes an existing home, providing the flexibility to generate rental income while final approvals are secured and development plans move forward. Whether you're looking to build out the project immediately or hold as an investment, the existing residence offers valuable interim cash flow. With much of the preliminary planning work already completed, this is an exceptional chance to capitalize on the continued demand for new housing in Thurston County. Conveniently located with access to schools, shopping, and major commuter routes, the project is well-positioned for future success. Opportunities with substantial pre-development work already in place are becoming increasingly scarce—secure this 23-lot project and bring your vision to life in one of Thurston County's fastest-growing communities.

16418 Middle Road SE, Yelm

Listing courtesy of John L. Scott, Inc..

$1,500,000
2500197 MLS ⋅ ACTIVE Status
159.66 acres located minutes south of Olympia with I-5 frontage and Mt Rainier views. The majority of the property is fenced pasture with approx 40 acres of mature timber. Property features a large 8,720 sq ft barn with loft, 2,492 sq ft lean to and a 520 sq ft garage. Well and septic on the property are in unknown condition. Preliminary plat for 48 lots expired in 2011 Project number Plat 020622

11938 Case Extension Road SW, Olympia

Listing courtesy of Hayden Outdoors LLC.

$1,500,000
2461571 MLS ⋅ ACTIVE Status
6.63 Acres located in the Urban Growth Area of Tumwater! Zoned - Multi-Family Medium Density Residential (9-15 Units Per Acre). Level topography clear with some trees. Water in street along Hwy 99. Existing home could use some TLC if it is to stay on the lot. Close to shopping and I-5 for ease of commute. Value is in the development potential of the property. Desirable Tumwater School District.

9115 Old Hwy 99 SE, Olympia

Listing courtesy of Keller Williams South Sound.

$1,350,000
2543215 MLS ⋅ ACTIVE Status
Investor / Developer Opportunity – Approved 7-Lot Short Plat in Growing Lacey Market! Rare development opportunity on 1.28 acres with an existing duplex and enhanced short plat approval in place. Approved civil plans are available through the city, allowing the next owner to move forward with water and sewer extensions, sidewalks, and street tree improvements. The approved project creates a total of 7 separate lots, including:Conversion of the existing duplex into 2 townhouse lots, 5 additional single-family residential lots, 7 total buildable lotsWashington State's current housing regulations may allow up to 2 ADUs per lot (buyer to verify), creating the potential for 7 primary residences plus up to 14 ADUs for significant density and income potential.Conveniently located approximately 1.5 miles from I-5, with major retail amenities including Costco and Home Depot nearby. Situated in the rapidly growing city of Lacey, home to approximately 60,000 residents, this property offers an exceptional opportunity for builders, developers, and investors seeking a shovel-ready project in a high-demand market.

8623 Steilacoom Road SE, Lacey

Listing courtesy of eXp Realty.

$1,199,000
2538074 MLS ⋅ ACTIVE Status
MILL POND COMMERCIAL PAD - Amazing Mill Pond Development with established residential community, great .96 acre pad with 26th Avenue frontage! Level and graded pad site!!! All utilities at the street, frontage improvements completed, City of Olympia jurisdictions. Retail/Commercial/Office in quickly growing very desirable area!

2520 Park View Street NE, Olympia

Listing courtesy of RE/MAX Parkside Affiliates.

$1,150,000
2340375 MLS ⋅ ACTIVE Status
AMAZING FLAT 5 ACRES NEAR HWY I-5--- Small older structure on property. Near quickly developing Tumwater (HOME DEPOT, COSTCO, WALMART, STARBUCKS, Etc... nearby). Tall trees on paved dead-end Prine Drive. Zoned GC General Commercial.

7740 Prine Drive SW, Tumwater

Listing courtesy of RE/MAX Parkside Affiliates.

$1,100,000
2442401 MLS ⋅ ACTIVE Status
Investor opportunity! 145± acres in Thurston County’s Skookumchuck Valley. Mix of pasture, timber, and habitat. Zoned RRR 1/5 with environmental easements in place. Ideal for farming, rental income, or future subdivision.

18430 Northcraft Road SE, Tenino

Listing courtesy of Northfork Realty.

$1,100,000
2430185 MLS ⋅ ACTIVE Status
This is a rare opportunity to establish a strong presence in a thriving commercial area. This 1.4-acre parcel is rare in that it offers direct access to a freeway on/off ramp, situated in an area that is experiencing rapid growth. Zoned multi-use. Bring your ideas!

2411 Tumwater Boulevard SW, Tumwater

Listing courtesy of Group 7 Inc., Real Estate Serv.

$999,950
2452805 MLS ⋅ ACTIVE Status
AMAZING CORNER SITE --- FAST DEVELOPING AREA OF TUMWATER. Off new RAB on Israel Rd and Littlerock Rd. Zoned MU (Mixed Use) in the City of Tumwater. New TRADING POST gas station across Israel Rd. All utilities in the streets. Flat lot, partially fenced. COSTCO, TOYOTA, HOME DEPOT, WAL-MART all just a mile away. New 5-Story (260 unit) apartment bldg on Israel Rd going up now!!! Quick Hwy I-5 access.

6940 Littlerock Road SW, Tumwater

Listing courtesy of RE/MAX Parkside Affiliates.

$989,000
2454248 MLS ⋅ ACTIVE Status
4.89 Acres, Quiet and Serene Niche area half block off major artery, fenced Prime Development Land with small livable home and shop *** Per Tumwater Development: MFM Zoned Multi-family housing, Townhomes, Senior Housing, cottage housing, & more. 9 to 14 Units Per Acre, Density Bonus if 2 permanently affordable units added, Max Height 40 Ft. located just off Henderson Road, a block from new Townhome Community, Water, Sewer and Gas w/i 800 Ft., 7 mins to I-5, Schools, Groceries, Dining, YMCA all within 2 miles, Unique Gorgeous Land, Stately Firs and Cedars provide natural appeal, upscale potential, no wetlands or junk. Create your Legacy Development Here. Home could be rehabbed as a construction office.

916 73rd Avenue SE, Tumwater

Listing courtesy of John L. Scott Lacey.

$950,000
2485888 MLS ⋅ ACTIVE Status
OLYMPIA CORE RESIDENTIAL DEVELOPMENT OPPORTUNITY ON 3.31 ACRES!!! Preliminary Plat for 16 Townhomes...! Project located off Middle Street (just down from Olympia High School...)/Henderson Blvd. Work done to date: SITE PLANS, CIVIL PLANS, DRAINAGE PLAN, STORM PLAN, PEST MANAGEMENT REVIEW, GEO/SOILS, TOPOGRAPHY, SEPa (with comments). Owner will deliver all these to buyer and if potential buyer wishes, they can do Single Family Homes here too!

1515 Middle Street SE, Olympia

Listing courtesy of RE/MAX Parkside Affiliates.

$925,000
2467926 MLS ⋅ ACTIVE Status
Want to get in the development game? Looking for a next great project in a great location? Read on! What is your vision? Single family homes on large lots, attached townhomes for a more affordable option, or multifamily housing to retain in the portfolio. In recent years, State legislation has added more flexibility and options to the way residential land (the parcel is in the Tumwater UGA and zoned SFM 6-9 per acre) and the City of Tumwater is currently underway adopting these policies to be implemented in 2026 (buyer to verify). The property is level/adjacent to paved road/significant timber value exists on the property. Sewer is a stones throw away. Existing home provides income while permitting. Call today for more info!

4027 Dent Road SW, Olympia

Listing courtesy of Keller Williams South Sound.

$905,000
2031845 MLS ⋅ ACTIVE Status
First time on market since the Hoover administration! Ultra-rare large estate-sized and private waterfront parcel on desirable Johnson Point! Splendid views of Henderson Inlet and the Olympics, and approximately 500' of gorgeous gravelly beachfront plus ownership of the tidelands. Zoned 1 unit per 5 acres. There is definitely marketable timber but no timber cruise has been done. This is the perfect palette for your "statement" home!

8031 Kerbaugh Road NE, Olympia

Listing courtesy of Virgil Adams Real Estate, Inc..

$875,000
2514807 MLS ⋅ ACTIVE Status
Discover the ultimate opportunity on this 42.1-acre undeveloped parcel in Tenino, WA. With a vast expanse of pristine land, this property offers endless possibilities for your dream estate or private sanctuary in a serene rural setting. The property includes a 60 GPM well, with power and some infrastructure in place, multiple ingress locations, and a comprehensive GeoTech Study. This rare lot presents a blank canvas to create your vision within the established community, combining privacy with convenience. Enjoy unparalleled privacy and natural beauty, while being just a short drive from Tenino's charming downtown and amenities in Olympia. This property is ideal for builders or those looking to invest in land with potential. Whether you're looking to create a custom estate, a compound, or seek a peaceful retreat, this 42-acre property is a rare find, ready for your imagination to take flight. Seize this exceptional opportunity to own a piece of Washington’s beautiful landscape.

2737 Equus Ridge Lane SW, Tenino

Listing courtesy of eXp Realty.

$875,000
2507894 MLS ⋅ ACTIVE Status
**29 Acres Subdivision-Ready Raw Land | 5-Acre Parcels | West Olympia | Griffin School District | Power at Road | No Easement Needed** The property supports division into 5-acre parcels under current zoning, yielding 5–6 buildable homesites. Two critical cost barriers have already been eliminated: existing road Individual 5-acre parcels in this area are selling in the $150,000–$250,000 range, giving a subdivided retail-out value of $875,000–$1,350,000. At the asking price of $875,000 Electrical power available at the road Direct road access from 66th Avenue NW — no new easement required Subdividable into 5-acre parcels (5–6 lots) under current zoning 29 acres of raw, undeveloped land — no structures, no demo costs

5420 NW 66th Avenue, Olympia

Listing courtesy of William E. Johnson.

$849,990
2448851 MLS ⋅ ACTIVE Status
Simply Stunning! Approximately 91-acres of total privacy. Rolling hills, level spaces, trees, meadows & a stream babbling down the creek bed are all here. Add the sweeping views of the Skookumchuck River Valley below and you have an ideal location for your private estate, compound or recreational escape. Surrounded by DNR, forest lands or large acreage properties maximizes your seclusion. Access is at a gate with power lines and transformer along Thiel Dr. Multiple roads throughout the property lead to potential building sites. Minutes to Tenino, Tumwater, entertainment & shopping. You must see to appreciate so bring your 4-wheel drive & hiking boots to view this spectacular property (you'll hear birds & breeze). Your peace of mind awaits.

17942 Northcraft Road SE, Tenino

Listing courtesy of Thompson Carol Real Estate.

$830,000
2458318 MLS ⋅ ACTIVE Status
Prime 5+ acre property offering an exceptional opportunity for a variety of commercial ventures, ideally positioned with approximately 562 feet of highway frontage along SR 507. Zoned Highway Commercial (HC) per Rainier Zoning Code 18.42.030, this site supports a wide range of permitted business uses. With an impressive Annual Average Daily Traffic Count of 8,300 in 2023, the property provides outstanding visibility for any operation. Customers and clients will appreciate convenient access from both SR 507 and Myers Street. City of Rainier water service is on site, power is onsite, and the septic design is approved. 1,008 sq ft 2 bay shop onsite as well. This property is a must see!

309 Binghampton Street SE, Rainier

Listing courtesy of eXp Realty.

$825,000
2418512 MLS ⋅ ACTIVE Status
Great multifamily zoned property in the city of Tumwater! 3 Acres. Minutes to I-5 and walking distance to a large and an ever expanding retail center. Quality and sought after area. Zoned Multifamily High Density Residential (MFH) which allows 14 to 29 units per acre. Quality apartment complexes neighboring to the south and a few blocks to the north so the subject property is in a gap and is next in line to be developed. City water and power are on the property and sewer is in the street. There are income producing manufactured homes, RV slips & a shop on the property that will provide cash flow while developing the property. It is hard to find properties w/ this potential along the I-5 corridor that are only minutes from the freeway.

5012 Rural Road SW, Tumwater

Listing courtesy of Group 7 Inc., Real Estate Serv.

$800,000
2229511 MLS ⋅ ACTIVE Status
This is your opportunity to own 2 acres, including 300' of prime frontage on US Hwy 12 in the ever growing Rochester/ Grand Mound community. Zoned RCC (Rural Commercial Center) and ready for your next venture. Located next to the Chevron Station, this parcel would be perfect for a restaurant, retail store, or any business that relies on exposure. Traffic counts are in excess of 13k/ vehicles per day. The property has been cleared and Gopher study has been completed. These lots are 9538 & 9609 184th and face US Hwy 12 near downtown Rochester. Don't miss this opportunity!

9538 184th Avenue SW, Rochester

Listing courtesy of Northfork Realty.

$775,705
2464772 MLS ⋅ ACTIVE Status
Mountain and territorial views from this 41+/- acre tract located off of a paved, county road with power (PSE) and phone. Thurston County RRR 1/5 zoning offers potential for future subdivision. Heavily timbered with partial clearing up top. Flag shaped lot with owned access from county road. Topography and timber offer a private setting for your future homesite. Plenty of room to spread out with an internal network of established logging roads offering additional recreational opportunities. Just 10 minutes to Centralia and 15 minutes to Great Wolf Lodge. Buyers to verify all information to own satisfaction.

216 xx Zenkner Valley Road SW, Centralia

Listing courtesy of Coldwell Banker Bain.

$714,000
2529705 MLS ⋅ ACTIVE Status
37 acres intentionally suited for those seeking a more connected, sustainable, and ecologically mindful way of life. Tucked into the countryside just 3 minutes from downtown Tenino, this unique property offers an established foundation for off-grid living, shared stewardship, and creating a place where like-minded individuals can live in deeper relationship with the land and one another. Designed with resilience and sustainability in mind, the property features three 6kW solar arrays powering most structures, along with a newly drilled 21 GPM well completed in 2024. Existing spaces include a 30-foot yurt, three cabins, a 400 sq ft tiny home, a grid-tied office space, bathhouse, and laundry—providing flexibility for community living, guest spaces, retreat use, and creative projects. The land offers a rich balance of meadow, sunny pasture, and mixed forest, creating opportunities for food production, animal grazing, restoration projects, and immersion in nature. Fenced gardens, multiple electric-fenced pastures, trails, and a seasonal creek support a lifestyle centered around stewardship and regeneration. This property creates a rare opportunity to establish an intentional community, regenerative homestead, or sanctuary designed around shared values and a lighter footprint on the earth. Minutes from Tenino amenities, 25 min to Olympia, 90/120 min to Seattle/Portland.

15221 Vantine Road SE, Tenino

Listing courtesy of homecoin.com.

$700,000
2542125 MLS ⋅ ACTIVE Status
Take advantage of this 1 ACRE site in the Grand Mound HUD OPPORTUNITY ZONE - 1031 Benefits ZONING = R8-24/1 water and sewer available at the Highway PRESENTLY up for sale are also 7 CONTIGUOUS PROPERTIES which could add up to 1400' of DIRECT HIGHWAY FRONTAGE on Old Highway 99. Give us a call for more information

Old Highway 99 SW, Centralia

Listing courtesy of Realty One Group Bold.

$695,000
2537494 MLS ⋅ ACTIVE Status
Prime commercial opportunity in the heart of Yelm! THREE PARCELS !This sale includes 110 Cullens Rd SE parcel 21724141207 and 108 Longmire St SW parcel 21724141302 for perfect ingress and egress. Zoned Commercial C 1 with a multitude of uses as well as mixed use. Power and City of Yelm water and sewer in the street. Go to City of Yelm website for the list of possible uses. May be sold separately but Yelm Ave potentially needs one of the other parcels to provide proper access. City of Yelm to determine based on buyer's use of the property. OWNER FINANCING AVAILABLE. 200K DOWN PAYMENT AND NEGOTIABLE TERMS. A great investment- amazing prime 1.3 acres in one of Thurston County's fastest growing towns!

606 Yelm Avenue W, Yelm

Listing courtesy of Yelm Windermere.

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