Jump to content
Sign in to follow this  

Say Goodbye To Shelton

Recommended Posts

The Opportunity

More Information

Terms & Conditions

--------------------------------------------------------------------------------

For Sale:

Puget Sound Master Plan Development Opportunity

672± Acres Shelton, Washington

RESIDENTIAL, COMMERCIAL AND INDUSTRIAL ZONING

NEAR WAL-MART, FRED MEYER AND RETAIL CENTER

Strategic Location within 20 Minutes of Olympia, Washington and I-5

Opportunity & Strategic Location

--------------------------------------------------------------------------------

This is right next to the Fairgrounds.....

The 672± acre property is located in Shelton, Washington along Highway 101 at the Kneeland Blvd. exit near Wal-Mart and Fred Meyer retail centers. The property is one of the largest tracts in the growing south Puget Sound market that is zoned for residential, commercial and industrial uses. The size provides for a master plan development opportunity with the added benefit of being adjacent to the Port of Shelton's Sanderson Airport that can accommodate corporate and private jet aircraft. The location in Shelton, the southern gateway to the Olympic National Park and the Hood Canal and proximity to the State Capital in Olympia at I-5, is strategic in meeting the demands of a growing pool of buyers including families who commute to jobs in Olympia and Tacoma, retired military and others who find the region affordable and accessible to year-round recreation. The Three Creeks Casino and Resort is located 10 miles east of the property and has attracted tourists to the Shelton area.

Annual growth in the south Puget Sound region has exceeded 2% and the existing master planned communities of Northwest Landing and Meridian Campus, north of Olympia, are rapidly being developed along with other similar developments like Jubilee and Edgewater in Lacey and the recently announced development of Tahoma Terra in Yelm, Washington.

Read about it in:

This property, previously proposed for a master plan development consistent with the city of Shelton's Comprehensive Plan, could potentially accommodate over 1,900 residents in single and multiple family housing with a major commercial and retail center that would have exposure and access from Highway 101. A business and light industrial park was outlined in the proposed plan along the northern portion of the property as well as a significant amount of the land designated for open space.

THE PROPERTY

--------------------------------------------------------------------------------

The property is unimproved and was acquired by the current owner in 1999. There is a 6,000± square foot metal building on the site which had been used for a shop by a prior owner. The tract has gentle to rolling topography and is bordered to the north by Goose Lake and Sanderson Field. The west and south are bordered primarily by forestland and Highway 101 is on the east. The bulk of the merchantable timber has been harvested. The city of Shelton owns a small out-parcel and there is a right-of-way for the Tacoma Lake Cushman power lines. Wetlands exist along the northern portion of the site according to the Shelton Comprehensive Plan documents.

More Information

--------------------------------------------------------------------------------

Copyright © 2005 Realty Marketing/Northwest. All rights reserved. No part of this material may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying and recording, or by any information storage and retrieval system, without permission in writing from Realty Marketing/ Northwest.

RMNW-Auctions.com :thumbsup:

Share this post


Link to post
Share on other sites

Been a long time coming, for many reasons. The biggest is the value of all that land that's just sitting there, not doing anything. I think another problem was the bone heads racing around in the parking lot and riding where they shouldn't be (the private owned, operating gravel pit and along HWY101 for example). It was fun while it lasted, and one of my favorite areas, sad to see it go.

Share this post


Link to post
Share on other sites

You are right about all of that land. 1900 homes at about $330,000 dollars each= $627,000,000. The fact is Industrial, commercial, or residential building always out way recreation.

Share this post


Link to post
Share on other sites

The 672 acres were acquired years ago when Peninsula Land Holdings purchased the land from the Kneeland family with a loan from an Indian tribe in Oregon. Peninsula Land Holdings had not made payments for years and the land went up for auction recently and was bought back by the tribe for 18M (what was owed them after interest, original amount of loan was 4.5M I believe.)

Anyway the Goose Lake area on this land is said to still be toxic from years before when ITT Rayonier had a mill there. It is said that portions of the land are unusable because of this. ( I still ride there though :thumbsup: and have ridden that area since 1989 and I don't glow in the dark and my lungs still work, however I've also heard the fish in that lake have three eyes. :bonk: ) So, if the ground really is toxic then there would be problems with loans (maybe that's why PLH got a loan from an Indian tribe in the first place,) building permits etc. The land may just sit in limbo for another decade or so. But that's just one small portion of the triangle near the Port of Shelton.

I think you may be surprised by Shelton and Mason county in the near future. The new tourism planning mission statement looks very good for Off Roaders both motorized and non-motorized. :thumbsup: I'll keep you posted.

Share this post


Link to post
Share on other sites

Boy I hope riding there isn't dead. I thought about buying a small lot near the area just so I would have a place to park the truck, unload, and ride .

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Reply with:

Sign in to follow this  

×