In the HMMMM department, comes news that this Yelm parcel is up for auction:
Photo courtesy: Williams & Williams Commercial Real Estate
“9.33+/- acre retail site located adjacent to a Walmart Supercenter and at the confluence of the future intersection of State Route 510 (Yelm Loop) and State Route (SR) 507. The site offers 500′ of frontage on SR 507 and is approximately 813′ deep. Currently, the property is situated directly south of the signalized intersection of SR 507 and the private drive neighboring Walmart (future access/exit point of SR 510). The land has immediate ingress/egress at the intersection. SR 507 is home to Yelm’s commercial district boasting traffic counts exceeding 19,000 vehicles per day…
The property is zoned Arterial Commercial AC, allowing commercial uses which are oriented toward vehicular traffic,” quoting Williams & Williams Commercial Real Estate.
Thurston County lists unpaid taxes for three years.
The Auction will take place:
11:00 AM PST Tuesday, January 25, 2011
Selling On Site and Online
– Will the city have enough water connections to connect this property or any subdivisions the new buyer might consider to the city’s water resources? That is questionable right now.
– The Bypass extension is planned to bisect this property in the future. What will the value be of the smaller property left after that (see picture above)?
– The Auctioneer uses the growth here as a selling point for a prospective buyer:
“Due to continued growth, the city of Yelm proactively works to attract big box retailers, national tenants and businesses to support the community.”
Unless the city gets more water rights from Ecology and water connections from Health, growth in Yelm will be hindered.
Yet, the city must engage mandatory water irrigation on local businesses to obtain enough water for more water connections, i.e. growth!