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403 Black Hills Ln SW 2,189 SF Office/Medical Condo Unit Offered at $549,000 in Olympia, WA 98502
Investment Highlights
- Surrounded by Medical Services
- Close to MultiCare's Capital Medical Center
Executive Summary
Black Hills Medical Park Building 403, located at 403 Black Hills Lane SW, is a single-story Class B office building situated on the Westside of Olympia. Constructed in 1985, this multi-tenant condominium property encompasses a total of 6,072 square feet of general office space. The structure is located on a 31.27-acre parcel and is positioned in close proximity to Multicare. The property is designed for medical and professional use, operating under a multi-tenant condo ownership structure.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | APN/Parcel ID | 86000000300 |
| Sale Type | Owner User |
| APN/Parcel ID | 86000000300 |
Description
Suite C at 403 Black Hills Lane SW offers 2,189 square feet of flexible medical office space within the Black Hills Medical Park. Constructed in 1985, this Class B single-story condo features two dedicated entrances to facilitate smooth patient and staff flow. The interior layout includes a large reception and waiting area, multiple examination rooms, a designated laboratory space, and private offices for practitioners. Building signage is available to provide clear visibility for your practice.
Sale Notes
This vacant medical office condo presents a rare ownership opportunity on the Westside of Olympia. Priced at $549,000, which equates to $250.80 per square foot, the property accommodates a variety of financing options, including SBA, Conventional, and Cash Out terms. Located in close proximity to Multicare's Capital Medical Center, the suite is ideally positioned for medical professionals seeking to establish or expand their practice in a recognized medical corridor.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit C | 2,189 SF | Office/Medical | $549,000 ($250.80/SF) | - |
Unit C
| Unit Size |
| 2,189 SF |
| Condo Use |
| Office/Medical |
| Price |
| $549,000 ($250.80/SF) |
| NOI |
| - |
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Unit C
| Unit Size | 2,189 SF |
| Condo Use | Office/Medical |
| Price | $549,000 ($250.80/SF) |
| NOI | - |
| Sale Type | Owner User |
| APN/Parcel ID | 86000000300 |
| Description | |
| Suite C at 403 Black Hills Lane SW offers 2,189 square feet of flexible medical office space within the Black Hills Medical Park. Constructed in 1985, this Class B single-story condo features two dedicated entrances to facilitate smooth patient and staff flow. The interior layout includes a large reception and waiting area, multiple examination rooms, a designated laboratory space, and private offices for practitioners. Building signage is available to provide clear visibility for your practice.</li></ul> | |
| Sale Notes | |
| This vacant medical office condo presents a rare ownership opportunity on the Westside of Olympia. Priced at $549,000, which equates to $250.80 per square foot, the property accommodates a variety of financing options, including SBA, Conventional, and Cash Out terms. Located in close proximity to Multicare's Capital Medical Center, the suite is ideally positioned for medical professionals seeking to establish or expand their practice in a recognized medical corridor.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 12,827 SF | Typical Floor Size | 12,827 SF |
| Property Type | Office (Condo) | Year Built | 1990 |
| Property Subtype | Medical | Lot Size | 0.30 AC |
| Building Class | B | Parking Ratio | 4/1,000 SF |
| Floors | 1 | ||
| Zoning | MS - Medical Services | ||
| Total Building Size | 12,827 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 12,827 SF |
| Year Built | 1990 |
| Lot Size | 0.30 AC |
| Parking Ratio | 4/1,000 SF |
| Zoning | MS - Medical Services |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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403 Black Hills Ln SW
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