4500 3rd Ave SE - Office FOR SALE


Lacey, WA 98503- East Olympia
$4,200,000 USD
360-239-9333
4500 3rd Ave SE, Lacey, WA for Sale
$4,200,000 USD
Office - FOR SALE
1/1
null | Request Cap Rate

4500 3rd Ave SE
Lacey, WA 98503
East Olympia


HIGHLIGHTS

  • Two-story office facility situated on a 1.17-acre site in Lacey’s established commercial district.
  • Located within a federally designated Opportunity Zone, offering potential tax advantages for qualifying investors.
  • Provides 60 surface parking spaces with easy ingress and egress for tenants and visitors.
  • Convenient access to Interstate 5, enabling direct connectivity to Olympia and greater Puget Sound markets.
  • Redevelopment flexibility with potential conversion to 32 apartment units plus additional capacity for future expansion.
  • Positioned near retail, municipal offices, and essential services, ensuring strong accessibility for businesses and employees.

OVERVIEW

Versatile 32,000 SF Office Building with Exceptional Access. This two story office building offers outstanding visibility, parking, and immediate access to I-5 North and Southbound, making it ideal for a wide range of commercial uses. Strategically located near the city center and the new City Hall, the property offers a high-profile presence. Previously utilized as a call center and home to a security business , the building is equipped with advanced security systems and specialized clean agent fire suppression, making it an excellent fit for data centers, telecom operations, or network infrastructure hubs. a portion of the ground floor features raised access flooring with modular panels, providing efficient and flexible cable management. The layout is easily demisable into four distinct separately leasable sections, Served by central elevator and grand central stairway.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Custom Security Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

WD

APN/PARCEL ID

11817410205

ASK ABOUT THIS PROPERTY

Paul McLainREMAX Parkside Affiliates LLCMore Info
360-239-9333

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Paul McLainREMAX Parkside Affiliates LLCMore Info
360-239-9333

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