302 4th Ave E

    Olympia, WA 98501
    • $1,250,000
    • STATUS: Active
    • ON SITE: 115 days
    • ID#: 1547013
    UPDATED: 55 min ago
    $1,250,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1928
    County:

    School Ratings & Info

    Listing Courtesy of Van Dorm Realty, Inc..

    Description

    Location, income & opportunity! Solid income producer in Downtown Olympia! Historic Commercial building w/a vibrant mix of street retail, loft music/art studios & office space. 100% occupied w/9 thriving tenants. Corner lot on 4th & Franklin. 180 ft of high visibility street frontage. 1 mi from Capitol Campus. Meter curbside parking. Across from public lot. Potential to acquire adjoining parcel. Historic Register tax incentives. Prime investment property or ripe for re-development! See supp.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than McAuley Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-04T10:12:58.363.

    www.mcauleyhomes.com/homes/101630949

    302 4th Ave E Olympia, WA 98501

    • Price: $1,250,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 1547013
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1928
    Built
    Neighborhood:
    Olympia
    County:
    Thurston
    Area:
    Boston Harbor
    Property Description
    Location, income & opportunity! Solid income producer in Downtown Olympia! Historic Commercial building w/a vibrant mix of street retail, loft music/art studios & office space. 100% occupied w/9 thriving tenants. Corner lot on 4th & Franklin. 180 ft of high visibility street frontage. 1 mi from Capitol Campus. Meter curbside parking. Across from public lot. Potential to acquire adjoining parcel. Historic Register tax incentives. Prime investment property or ripe for re-development! See supp.
    Exterior Features

    Building Condition Average Exterior Stucco Foundation Slab Lot Depth 120 Lot Dimensions 60X120 Lot Topography And Vegetation Level Roof Torch Down Site Frontage 60 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 6400 Floor Covering ConcreteHardwood Heating And Cooling Forced Air Office Sq Ft 0 Total Sq Ft Rented 6020

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 5.00 Cap Rate Y Commercial Features J Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Expansion Area N Form17 Provided General Zoning Classification Commercial Gross Adjusted Income 78420 Gross Rent Multiplier 6 Gross Scheduled Income 78420 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Lot Number 2 Net Operating Income 69000 Other Expenses 0 Possession ClosingSub. Tenant's Rights Power Company Pse Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Olympia Tax Amount 4784 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 6535 Vacancy Rate 0 Water Company City Of Olympia Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by McAuley Homes and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than McAuley Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-04T10:12:58.363.

     
    McAuley Homes
    920 Alder Ave., Suite 202
    Sumner WA, 98390
    Listing Courtesy of Van Dorm Realty, Inc..