2903 Pacific Avenue SE, Olympia, WA 98501
- $898,000
Listing courtesy of Greene Commercial. Selling Office: Champions Real Estate.
- Sold Price
- $898,000
- List Price
- $898,000
- Status
- SOLD
- MLS#
- 2048361
- Closing Date
- Jan 31, 2024
- Days on Market
- 70
- Annual Tax Ammount
- 9225
- Internet Provider
- Comcast
Property Description
Opportunity knocks! Back on the market and priced to sell!! Don't miss this centrally located office/retail gem close to downtown Olympia and I-5! Tons of potential and flexibility. High Cap Rate and stable tenants provide security for the opportunistic investor. Stand-alone building with great visibility and a ton of parking! Great tenant mix boasts an insurance agency and 2 small churches. Potential for future redevelopment or expansion. HDC-4 zoning allows for a number of exciting uses! Don't miss this great opportunity!
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Additional Information
- Community
- Olympia
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1976
- # of Assigned Spaces
- 26
- Roof
- Composition
- Tax Year
- 2023
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Interior Features
- Ceramic Tile, Laminate, Wall to Wall Carpet
- Flooring
- Ceramic Tile, Laminate, Slate, Vinyl, Carpet
- Driving Directions
- Heading East on Pacific Ave SE from downtown Olympia. Building will be on your right. I-5 to exit #107 (Pacific Ave) heading West on Pacific Ave to Building on the left.
- Electric Expenses
- 1000
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $63,098
- Gross Scheduled Income
- $78,600
- Water/Sewer/Garbage Expenses
- $2,685
- Cap Rate
- 7.03
- Total Expenses
- $15,502
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.