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2903 Pacific Ave SE
Olympia, WA 98501
Value-Add Office Building With Upside · Office Property For Sale
Investment Highlights
- Office building in a thriving market with an extremely low vacancy of under 3.0% compared to the US average of 12.4%.
- Located less than a quarter mile from I-5 connecting to Seattle and Portland and less than three miles from Olympia’s Downtown area.
- 165, 587 people live within a five-mile radius with a population growth rate of 1.8%.
- Three tenant-occupied suites and one owner/user suite provide a prime opportunity for owner/user replacement or potential upside through lease-up.
- Notable establishments and parks nearby include Forest Memorial Gardens, Providence Saint Peter Hospital, Budd Inlet, and Olympia Regional Airport.
- Educated population, with 94% of the population earning a high school diploma or higher.
Property Facts
Property Type
Building Size
5,268 SF
Building Class
C
Year Built/Renovated
1976/2018
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,268 SF
Slab To Slab
8’
Building FAR
0.26
Lot Size
0.46 AC
Zoning
HDC-4 - High Density Corridor - 4
Parking
26 Spaces (4.94 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Property Manager on Site
- Signage
- Central Heating
- Natural Light
- Air Conditioning
Property Taxes
| Parcel Number | 38840000200 | Improvements Assessment | $302,800 |
| Land Assessment | $615,600 | Total Assessment | $918,400 |
Property Taxes
Parcel Number
38840000200
Land Assessment
$615,600
Improvements Assessment
$302,800
Total Assessment
$918,400
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