- Listing #:
- 2229507
- Price:
- $1,299,999
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Retail
- # of Acres:
- 0.15
- Year Built:
- 1920
- Comm/Assn:
- Olympia
- City:
- Olympia
- County:
- Thurston
- State:
- WA
- Zip:
- 98501
- Right of 1st Refusal:
- No
QR Code
Description
Great investment opportunity in Downtown Olympia! This fully leased building has 3 tenants producing stable income for any future buyer. The building features 3 separately metered storefronts on 4th Ave and Washington St. Ductwork inside has recently been redone in this sprinklered space, and two new tenants are completing aesthetic improvements on the interior.
Property Features
- Building Features:
- - Disabled Access
- - Sprinklered
- Cap Rate:
- - 6
- Cooling Y/N:
- - Yes
- Exterior Features:
- - Cement/Concrete
- :
- - Level
- Foundation Details:
- - Poured Concrete
- Gross Scheduled Income:
- - $102,000.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $3,000.00
- Interior Features:
- - Concrete
- - Hardwood
- Net Operating Income:
- - $84,507.00
- Approx. Office Sq.Ft.:
- - 6,623.00
- Power Company:
- - PSE
- Sewer Company:
- - City of Olympia
- Style Code:
- - 75 - Retail
- Total Expenses:
- - 17493
- Water Company:
- - City of Olympia
- Water Sewer Garbage:
- - 2000
- Zoning Class:
- - Commercial
- Zoning Jurisdiction:
- - City
- Other Expense:
- - 2000
- Parcel Number:
- - 78501300500
- Possible Use:
- - Commercial
- Structure Type:
- - Retail
- Annual Tax Amount:
- - $10,493.00
- Tax Year:
- - 2024
- Total Actual Rent:
- - 8500
- Water Source:
- - Public