2921 Pacific Avenue SE, Olympia, WA 98501

$1,000,000

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Listing courtesy of Greene Commercial. Selling Office: NextHome Northwest Group.

Sold Price
$1,000,000
List Price
$1,200,000
Status
SOLD
MLS#
2305146
Closing Date
Mar 31, 2025
Days on Market
132
Annual Tax Ammount
10661

Property Description

Remarkable property on Pacific Ave SE in Olympia. Great visibility, great parking, close proximity to I-5 North and South. Current long-term tenant on 1-year lease extension. Great investment, owner/user or redevelopment opportunity. Don't miss this one!!

Additional Information

Community
Olympia
Building Condition
Good
Style
61 - Comm Bldg Ovr 10K
Year Built
1969
Roof
Composition
Tax Year
2024
Potential Terms
Cash Out, Conventional
Flooring
Carpet
Driving Directions
4th Ave to Pacific Ave to building on right.
Energy Source
Natural Gas
Net Operating Income
$73,339
Gross Adjusted Income
$84,000
Gross Scheduled Income
$84,000
Cap Rate
5.64
Total Expenses
$10,661
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.
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