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317 State - 317 State Ave NE Land 0.33 Acres of Commercial Land Offered at $900,000 in Olympia, WA 98501
Investment Highlights
- Heavy Foot Traffic
- Redevelopment Potential
- Located in an Opportunity Zone
Executive Summary
An exceptional commercial lot that presents an outstanding redevelopment opportunity in the heart of downtown Olympia. This property is situated in a highly sought-after area and offers excellent potential for various retail, multifamily, or mixed-use opportunities.
Located in an Opportunity Zone next to the Downtown InterCity Transit Station with easy access from Adams Street NE or State Ave NE.
The Phase I Environmental Site Assessment has been completed.
Located in an Opportunity Zone next to the Downtown InterCity Transit Station with easy access from Adams Street NE or State Ave NE.
The Phase I Environmental Site Assessment has been completed.
Property Facts
| Price | $900,000 | Proposed Use | Mixed Use |
| Sale Type | Investment | Total Lot Size | 0.33 AC |
| No. Lots | 1 | Cross Streets | Adams Street SE |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | Downtown Business | ||
| Price | $900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.33 AC |
| Cross Streets | Adams Street SE |
| Opportunity Zone |
Yes |
| Zoning | Downtown Business |
1 Lot Available
Lot
| Price | $900,000 | Lot Size | 0.33 AC |
| Price Per AC | $2,727,272.73 |
| Price | $900,000 |
| Price Per AC | $2,727,272.73 |
| Lot Size | 0.33 AC |
This property is situated in a highly sought-after area and offers excellent potential for various retail, multifamily, or mixed-use opportunities. The Phase I Environmental Site Assessment has been completed.
Description
An exceptional commercial lot that presents an outstanding redevelopment opportunity in the heart of downtown Olympia. This property is situated in a highly sought-after area and offers excellent potential for various retail, multifamily, or mixed-use opportunities. Located in an Opportunity Zone next to the Downtown InterCity Transit Station with easy access from Adams Street NE or State Ave NE.
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 78503300300 | Improvements Assessment | $5,700 |
| Land Assessment | $559,900 | Total Assessment | $565,600 |
Property Taxes
Parcel Number
78503300300
Land Assessment
$559,900
Improvements Assessment
$5,700
Total Assessment
$565,600
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