505 E Union Ave SE | Olympia, WA 98501
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505 E Union Ave SE
Olympia, WA 98501
Republic Building | Seattle-Tacoma MSA · Office Property For Sale
Investment Highlights
- The Republic Building is a 34,794 SF, state government-leased office building in Downtown Olympia's Opportunity Zone.
- The Republic Building is ideally zoned DB (Downtown Business), offering investors a multi-family conversion opportunity.
- On-site amenities include a new rooftop, bus line access, 53 uncovered parking spaces in the attached parking garage, and fiber optic cable.
- The Association of Washington Business, the University of Washington, and Washington State University are within minutes of the property.
PROPERTY FACTS
Sale Condition
Auction Sale
Property Type
Office
Building Size
32,277 SF
Building Class
B
Year Built
1985
Percent Leased
14%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,000 SF
Building FAR
1.55
Lot Size
0.48 AC
Zoning
DB - Downtown Business
Parking
53 Spaces (1.52 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Kitchen
- Fully Carpeted
- Drop Ceiling
- Air Conditioning
zoning
| Zoning Code | DB (Downtown Business) |
| DB (Downtown Business) |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,687,500 | |
| Land Assessment | $941,300 | Total Assessment | $3,628,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$941,300
Improvements Assessment
$2,687,500
Total Assessment
$3,628,800
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