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Opportunity Zone
Spoon Building
Mixed Use | 6,502 SF | Single or Multi Tenant |
Listing Contacts
License: 23016135
Active
Asking Price: $995,000
Address
118 Cherry St NE, Olympia, WA 98501
Show on MapDate Added
Jul 9, 2024
Days on Market
252 days
Time Since Last Update
57 days
Details
Property TypeRetail, Office, Industrial, Mixed Use
SubtypeRestaurant, Storefront, Flex
Investment TypeRedevelopment
Investment Sub TypeInvestment
ClassB
Square Footage6,502
Net Rentable (sq ft)6,502
OccupancyVacant
Occupancy Date07/08/2024
Year Built1923
Year Renovated2024
Buildings1
Stories1
ZoningDB
Lot Size (acres)0.15
Broker Co-OpNo
APN78200400100
Dock High Doors1
Marketing Description
Unveil the potential of Olympia’s “Spoon Building”, a 6,502 sq. ft commercial space ideally located at Cherry St and State Ave. Recently renovated exterior with striking curb appeal sets the stage. Inside, a blank canvas awaits, featuring separate entrances with a warehouse/garage door bay for added versatility. Perfect for a restaurant, brewery or divisible into two or three separate units for retail, office, and dining, this space offers limitless business opportunities in downtown Olympia.
Benefiting from high traffic counts on 4th Ave and State Ave, with excellent visibility for passing drivers, this location ensures your business will stand out. Schedule a viewing today and transform your vision into reality.
- Zoning - Downtown Business District (DB)
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Investment Highlights
Location! High Visibility and High Traffic counts
Flexible Space for Buyer
Owner Operate or Investment property or blend of both.
Valuation Calculator
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Loan Amount
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DSCR
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Cap Rate
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ROI
Property History
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Due Diligence
Listing Contacts
- License: 23016135
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