Opportunity Zone
3700 Pacific Ave
Retail | 6.27% CAP | 5,760 SF
Listing Contacts
License: 23016135
License: WA 113575
Active
Asking Price: $1,100,000
Address
3700 Pacific Ave SE, Olympia, WA 98501
Show on MapDate Added
Mar 12, 2025
Days on Market
43 days
Time Since Last Update
43 days
Details
Property TypeRetail
SubtypeStorefront
Investment TypeValue Add
Investment Sub TypeInvestment
ClassC
Lease TypeModified
TenancyMulti
Number of Tenants4
Lease Expiration05/31/2025
Square Footage5,760
Net Rentable (sq ft)5,760
Price/Sq Ft$190.97
Cap Rate6.27%
Pro-Forma Cap Rate8.00%
Occupancy100%
NOI$68,921
Pro-Forma NOI$87,968
Units5
Year Built1962
Buildings1
Stories1
ZoningHDC-4
Lot Size (acres)0.59
APN65103001200
Marketing Description
Great investment opportunity, or owner user/investment opportunity. Multi tenant retail building, on Pacific Ave, with great visibility in a high traffic area.
Half mile from I5 making it seamless to get on and off the freeway for commuters.
Long standing tenants in building that would like to stay, or could be an owner user/investment opportunity.
Don't miss out on a good investment opportunity or a great owner/user investment location.
Do not disturb Tenants, call broker for showing.
Investment Highlights
Location!
Visibility!
High Traffic Area!
Long term tenants willing to stay, or owner user opportunity.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,921.00
$5,743.42/mo
Valuation Metrics
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0
DSCR
6.27%
Cap Rate
6.27%
ROI
Due Diligence
Listing Contacts
- License: 23016135
- License: WA 113575
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