Pacific Ave Retail Center

The Verger Team at Kidder Mathews is pleased to present the opportunity to acquire an 8,000 SF partial owner-user investment, available at $175 per square foot, well below replacement cost.​ The property is currently 55% vacant, with an additional 24% occupied by a month-to-month tenant, allowing for up to 79% or 6,355 SF to be owner-occupied.​ The property has ample parking, with 63 spaces and is ideally situated along Pacific Ave SE, benefiting from over 22,000 vehicles per day.​ Adjacent property to the west also available.​

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  Owner-User Opportunity: The property is currently 55% vacant, with an additional 24% occupied by a month-to-month tenant.

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  Replacement Cost: The property is offered at a price of $175 per square foot, well below replacement cost.

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  High Traffic Area: The property benefits from its location along Pacific Ave SE, with visibility to over 22,000 vehicles per day.

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  Abundance of Parking: The property offers ±63 parking stalls with a parking ratio of 7.8/1,000 SF.

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  Proximity to Nearby Daily Needs Corridor: Situated in Olympia's main daily needs corridor, benefiting from its proximity to major retailers.

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  Low Vacancy in Surrounding Submarket: Current retail vacancy in the immediate vicinity is below 3%.