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Investment Highlights

  • Heavy Foot Traffic
  • Redevelopment Potential
  • Located in an Opportunity Zone

Executive Summary

An exceptional commercial lot that presents an outstanding redevelopment opportunity in the heart of downtown Olympia. This property is situated in a highly sought-after area and offers excellent potential for various retail, multifamily, or mixed-use opportunities.
Located in an Opportunity Zone next to the Downtown InterCity Transit Station with easy access from Adams Street NE or State Ave NE.
The Phase I Environmental Site Assessment has been completed.

Property Facts

Price $1,246,716 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 0.33 AC
Cross Streets Adams Street SE
Opportunity Zone Yes
Zoning Downtown Business

1 Lot Available

Lot

Price $1,246,716 CAD
Price Per AC $3,777,927.16 CAD
Lot Size 0.33 AC

This property is situated in a highly sought-after area and offers excellent potential for various retail, multifamily, or mixed-use opportunities. The Phase I Environmental Site Assessment has been completed.

Description

An exceptional commercial lot that presents an outstanding redevelopment opportunity in the heart of downtown Olympia. This property is situated in a highly sought-after area and offers excellent potential for various retail, multifamily, or mixed-use opportunities. Located in an Opportunity Zone next to the Downtown InterCity Transit Station with easy access from Adams Street NE or State Ave NE.

Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
78503300300
Land Assessment
$775,596 CAD
Improvements Assessment
$7,896 CAD
Total Assessment
$783,492 CAD
  • Listing ID: 28453160

  • Date on Market: 2023-05-10

  • Last Updated:

  • Address: 317 State, Olympia, WA 98501

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