120-124 4th Ave E | Olympia, WA 98501
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120-124 4th Ave E
Olympia, WA 98501
Retail Property For Sale
Investment Highlights
- High traffic
- Natural Light
- Strong tenants
Executive Summary
Great investment opportunity in Downtown Olympia! This fully leased building has 3 tenants producing stable income for any future buyer. Building features 3 separately metered storefronts on 4th ave and Washington St. Ductwork inside has recently been redone in this sprinkled space, with little to no deferred maintenance! Don't miss your opportunity to own this turn-key investment property!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,760 SF
Building Class
C
Year Built
1920
Price
$1,299,000
Price Per SF
$226
Cap Rate
6.96%
NOI
$90,410
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.88
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
DB
Frontage
53 FT on 4th Ave E
Amenities
- Corner Lot
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 78501300500 | Improvements Assessment | $838,900 |
| Land Assessment | $398,700 | Total Assessment | $1,237,600 |
PROPERTY TAXES
Parcel Number
78501300500
Land Assessment
$398,700
Improvements Assessment
$838,900
Total Assessment
$1,237,600
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