120 4th Avenue E Olympia, WA $ 1,299,999
120 4th Avenue E
$ 1,299,999
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120 4th Avenue E

Olympia, WA, 98501
$ 1,299,999
Baths0.0

Monthly Estimate*

$ 8,640

Listed by Greene Commercial
120 4th Avenue E, Olympia, WA 98501 - Image 1
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Studio

Commercial Property for sale in Olympia, WA

for $1,299,999. This building was built in 1920 on a lot size of 0.151.

Great investment opportunity in Downtown Olympia! This fully leased building has 3 tenants producing stable income for any future buyer. The building features 3 separately metered storefronts on 4th Ave and Washington St. Ductwork inside has recently been redone in this sprinklered space, and two new tenants are completing aesthetic improvements on the interior.

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Commercial Active

Price

$ 1,299,999

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,493

Style

Retail

Lot Size

0.151

Year Built

1920

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2229507

Features
General
Interior Features Concrete Hardwood
Heating Forced Air
Cooling Forced Air
Possession Closing
Roof Flat
Exterior Features Cement/Concrete
HOA 0
Year Built 1920
Topography Level
Property SubType Commercial Industrial
Tax Year 2024
County Thurston
Net Operating Income 84507
Insurance Expense 3000
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Olympia
Possible Use Commercial
Building Features Disabled Access Sprinklered
Special Listing Conditions None
Status Active
Directions State avenue then take a left on Washington St. Destination is on your right on the corner of 4th and Washington.
City Olympia
Buyer Agent Compensation 2.5
Senior Community Y/N N
NumberOfUnitsTotal 3
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 6576
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 10493
Public Remarks Great investment opportunity in Downtown Olympia! This fully leased building has 3 tenants producing stable income for any future buyer. The building features 3 separately metered storefronts on 4th
Structure Type Retail
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Water Company City of Olympia
Total Actual Rent 8500
Zoning Class Commercial
Water Sewer Garbage 2000
Property Style 75 - Retail
Cap Rate 6
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Interior
Flooring Concrete Hardwood
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 0
Lot Size Acres 0.151
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
OriginalMLSID NWM2229507
Street Number 1 120
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* Excluded Features
List By
Maxwell Stottlemyre

Listing Agent

Greene Commercial

Broker

Affordability Calculator

$9,515
Per Month
91%
9%
0%
Monthly Principal & Interest
$8,640
Monthly Property Taxes
$874
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/26/2024$1,299,999 Listed Price

Map


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120 4th Avenue E, Olympia, WA, 98501 is a Commercial Property for sale at $1,299,999 with a lot size of 0.151. 120 4th Avenue E is a studio with 0.0 baths and was built in 1920. The property's zip code is 98501 which is in Olympia, WA