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About the Listing 6421 - 145905,94897
Prime Downtown Investment Opportunity – Fully Leased Retail with Rare On-Site Parking Located in the heart of downtown Olympia, this fully renovated mixed-use retail property presents a rare opportunity for investors seeking stable cash flow and long-term upside (Great CAP Rate). This 2000+ SF building features two fully leased retail storefronts, generating consistent income with strong tenant demand in a high-visibility location. Recent upgrades include a brand-new roof and interior renovations, significantly reducing near-term capital expenditures and enhancing tenant appeal. Ideal for investors seeking a turnkey, income-producing asset with both stability and future appreciation potential.
Listing Highlights
Status
Active
Days on Site
20
Property Type
Commercial Sale
MLS ®
2518287
Year Built
1946
Total Square Footage
0
Lot/Acreage
0.14
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Zoning: Commercial
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: Commercial
- Roof:
- Others:
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $3,097
- Taxes w/Assessments: N/A
- Tax/Property ID: 78501200600
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
116 NE State Ave Olympia, WA 98501
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