207-211 4th Ave E - Storefront Retail/Office FOR SALE


Olympia, WA 98501- Downtown Olympia
$1,035,900 USD
360-915-5678
207-211 4th Ave E, Olympia, WA for Sale
$1,035,900 USD
Storefront Retail/Office - FOR SALE
1/16
null | 7.5% Cap Rate

207-211 4th Ave E
Olympia, WA 98501
Downtown Olympia


OVERVIEW

The historic White Building, currently 97.4% occupied, is now available for purchase as a standalone investment opportunity. The property consists of 21 rentable suites with two (2) ground-level retail spaces along busy 4th Ave. and 19 executive office suites on the 2nd floor. The building is occupied by a diverse group of tenants ranging from law offices to health practitioners. Offered at $1,035,900 at a 7.5% cap rate, the property provides immediate cashflow, and the current average rent of $14.05 per Sq Ft brings value add potential to new ownership.

FOR SALE DETAILS

PRICE

$1,035,900 USD

PRICE/SF

$80 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

White Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

DB

APN/PARCEL ID

78502400200

ASK ABOUT THIS PROPERTY

Zeke RehnThe Rants GroupMore Info
360-915-5678

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Zeke RehnThe Rants GroupMore Info
360-915-5678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.