Active · Commercial Sale

116 NE State Avenue , Olympia, WA 98501

Olympia, WA 98501

$736,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by WeLakeside · MLS #2518287 · Active

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About this property

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.

Property details

Property type: Commercial Industrial
Year built: 1946
Lot size: 6,098 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $3,097 (2024)
Parking spaces: 0

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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