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Opportunity Zone
Downtown Olympia Investment
Retail | 6.50% CAP | 6,623 SF
Listing Contacts
License: WA 113575
License: WA 22011836
Active
Asking Price: $1,299,999
Address
120 4th Ave E, Olympia, WA 98501
Show on MapDate Added
Apr 5, 2024
Days on Market
384 days
Time Since Last Update
97 days
Details
Property TypeRetail
SubtypeStorefront
Investment TypeStabilized
Lease TypeGross
TenancyMulti
Number of Tenants3
Lease Expiration04/01/2027
Remaining Term1.9 years
Square Footage6,623
Net Rentable (sq ft)6,623
Price/Sq Ft$196.29
Cap Rate6.50%
Occupancy100%
NOI$84,507
Units3
Year Built1920
Buildings1
Stories1
ZoningDB
APN78501300500
Marketing Description
Great investment opportunity in Downtown Olympia! This fully leased building has 3 tenants producing stable income for any future buyer. Building features 3 separately metered storefronts on 4th ave and Washington St. Ductwork inside has recently been redone in this sprinkled space, and two new tenants are completing aesthetic improvements on the interior. Call LA for showings!
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,507.00
$7,042.25/mo
Valuation Metrics
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0
DSCR
6.5%
Cap Rate
6.5%
ROI
Property History
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Due Diligence
Listing Contacts
- License: WA 113575
- License: WA 22011836
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