4315 Tumwater Valley Dr SE - Specialty FOR SALE


Olympia, WA 98501- South Olympia
$1,875,000 USD
360-352-7651
4315 Tumwater Valley Dr SE, Olympia, WA for Sale
$1,875,000 USD
Specialty - FOR SALE
1/2
null | 7.36% Cap Rate

4315 Tumwater Valley Dr SE
Olympia, WA 98501
South Olympia


HIGHLIGHTS

  • Current tenant will vacate at end of September and will lease back until that date at a lease rate of $11,500 per month.
  • Potential future uses: Boutique hotel, multi-family, restaurant, day spa, or medical.
  • 27 parking spaces with potential for more
  • 6048 square feet on 1.79 beautiful acres

OVERVIEW

Located above the banks of the Deschutes River overlooking the Tumwater Valley this lodge was built in 1988 by Olympia Brewery as a lodge for brewery guests with 5 hotel suites and large gathering space & full kitchen. Currently home to Serendipity Children’s Center. So many possibilities with this Brewery District Zoning. Many upgrades include: HVAC, new comp roof, upgraded kitchen, new ooring (original wood oor remains under current ooring for daycare), large enclosed playground.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

7.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

17 AC

LAND SF

740,520 SF

ZONING

GC

APN/PARCEL ID

33870000100

ASK ABOUT THIS PROPERTY

Debbie DraperColdwell Banker/EvergreenMore Info
360-352-7651

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Debbie DraperColdwell Banker/EvergreenMore Info
360-352-7651

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