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601 Capitol Way S

Olympia, WA 98501
  • $3,650,000
  • STATUS: Active
  • ON SITE: 64 Days
  • ID#: 1917379
UPDATED: 37 min ago
$3,650,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1923
County:

School Ratings & Info

Northwest MLS logoListing Courtesy of Greene Realty Group Llc.

Description

Welcome to this amazing commercial/multi-family building located in the heart of Downtown Olympia. This property features two parcels (601 Capitol Way S and 606-610 Columbia St SW) with a total of 6 apartments (5 studios and a 2 bed 1 bath), 12 commercial spaces, two parking lots, with many long term, established tenants. Retail spaces have great exposure and visibility along with an array of different tenants that help support each other, some of which include Nicole's Bar and Restaurant, Olympia Food Co-op, Coffee Shop, Photography, and Chinese Healer. This is a great income producing property that is extremely hard to come by. Located in an Opportunity Zone.

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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 NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-25T22:15:51.48.

www.nwhomeexperts.com/homes/127928173
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601 Capitol Way S Olympia, WA 98501

  • Price: $3,650,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 37 min ago
  • ID#: 1917379
0
Beds
0
Baths
0
½ Baths
0.46
Acres
1923
Built
Neighborhood:
Olympia
County:
Thurston
Area:
Olympia North
Property Description
Welcome to this amazing commercial/multi-family building located in the heart of Downtown Olympia. This property features two parcels (601 Capitol Way S and 606-610 Columbia St SW) with a total of 6 apartments (5 studios and a 2 bed 1 bath), 12 commercial spaces, two parking lots, with many long term, established tenants. Retail spaces have great exposure and visibility along with an array of different tenants that help support each other, some of which include Nicole's Bar and Restaurant, Olympia Food Co-op, Coffee Shop, Photography, and Chinese Healer. This is a great income producing property that is extremely hard to come by. Located in an Opportunity Zone.
Exterior Features

Carport YN No Exterior Features BrickCement/ConcreteStone Open Parking YN No Parking Total 0 Roof FlatTorch Down Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography LevelSloped

Interior Features

Building Area Total 0 Cooling YN Yes Fireplace YN No Furnished Unfurnished Heating Cooling Type BaseboardDuctless Hp-Mini SplitHeat Pump Heating YN Yes Interior Features Heat PumpDuctless Hp-Mini Split Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 226405 Possession Closing Possible Use CommercialMulti-FamilyRetail Power Production Type Electric Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 30948 Tax Year 2022 Utilities Sewer ConnectedElectricity Available Water Source Public Year Built Effective 1982 Zoning Class CommercialMulti-FamilyRetail Zoning Jurisdiction City

Listing information © 2022 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 NW Home Experts 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 NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-25T22:15:51.48.

 
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Northwest MLS logoListing Courtesy of Greene Realty Group Llc.