Investor alert! So much potential in this 1/2 acre corner lot on Lilly Rd, just down the road from medical services, shopping, and freeway. Fix up the 2-bedroom home for rental income, build your dream home on this large lot, or hold for future development. City of Olympia states that zoning allows for one structure per lot but up to 4 dwelling units, so there are possibilities for townhomes or a fourplex, barring restrictions from old neighborhood covenants or ability to connect to sewer line on Lilly Rd. Buyer to verify all development options to their satisfaction. Property does need some repair and is being sold as is.