116 NE State AVE, Olympia, WA 98501
116 NE State AVE, Olympia, WA 98501
116 NE State AVE, Olympia, WA 98501
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Ioannis Piliaris

Ioannis Piliaris

+1(360) 791-9795
Listed by:WeLakeside • David Li
$736,000
Est. payment /mo
6,098 Sqft Lot
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UPDATED:

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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Northwest MLS (NWMLS)
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Ioannis Piliaris

Ioannis Piliaris

+1(360) 791-9795

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