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Listed by:WeLakeside • David Li
$736,000
Est. payment /mo
6,098 Sqft Lot
Active
116 NE State AVE Olympia, WA 98501
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Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Olympia
MLS Listing ID 2518287
Style 70 - Industrial
Year Built 1946
Annual Tax Amount $3,097
Lot Size 6,098 Sqft
Property Sub-Type Commercial Industrial
Property Description
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.
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Flooring Concrete
Fireplace false
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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