Office Property for Sale in Olympia, WA
1005 Olympia Avenue NE
1005 Olympia Ave NE, Olympia, WA 98506, Thuston County
Price
$750,000
Listing Information
- Listing Type Office
- Total Bldg SF 3,648
- Total Lot SF 7,405
- Acres 0.17
- % Leased 95.00%
- Price/SF $205.59
- Parking Ratio -
- # Buildings 1
Property Information
- Property Type Office
- Year Built/Reno. 1901 / 1980
- Parcel # 6810-02-00400
- Zoning -
Great opportunity to own this historic, legacy therapy and counseling building with a long-established reputation in the community. For decades, the property has maintained a strong rental history, featuring a stable mix of therapists, counselors, and other wellness-focused tenants. Currently listed on the local historic register. The building has been thoughtfully maintained with numerous capital improvements and ongoing routine maintenance over the years. The property is zoned PO/RM (Professional Office/Residential), providing exceptional flexibility for future use, including professional offices, a single-family residence, apartments, retail, and a variety of other permitted commercial uses. An adjacent vacant parcel (available separately and not included in the listing price) presents additional opportunities for expansion or future development. Located near downtown, but on a idyllic, tree lined street, the possibilities are endless. Actual Annual Income: $63,500.00 Proforma Annual Income: $75,600.00 Expenses: $33,375.90