For Sale
$1,400,000

3726 Pacific AveOlympia, WA 98501

8,000 SF Retail/Office Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
118
This two-story, 8,000 square foot shopping center in Olympia, WA, presents a compelling owner-user investment opportunity. Located on Pacific Ave SE, a high-traffic corridor with over 22,000 vehicles daily, the property boasts 4 units within a single building, currently at 45% occupancy. Built in 1980, the 24,393 square foot lot provides ample parking for approximately 63 vehicles. The asking price is $1,400,000, representing a significant value below replacement cost. The property's strategic location within Olympia's main daily needs corridor, coupled with low surrounding submarket vacancy (below 3%), makes it an attractive investment. A portion of the space is occupied by a month-to-month tenant, offering flexibility for owner-occupancy. This presents a unique chance to acquire a well-situated commercial property with potential for immediate income and future growth. An adjacent property is also available for purchase.

Highlights

  • Owner-user opportunity: 55% vacant, plus 24% occupied by a month-to-month tenant.
  • Offered at $175/SF, significantly below replacement cost.
  • High-traffic location on Pacific Ave SE, with over 22,000 vehicles daily.
  • Ample parking: approximately 63 stalls (7.8/1,000 SF).
  • Located in Olympia's main daily needs corridor.
  • Low submarket vacancy (under 3%).

Property Details for 3726 Pacific Ave

Property type
Lifestyle centers, Power centers
Square Feet
8,000 SF
Year Built
1980
Buildings
1
Stories
2
Units
4

Location Insight

City
Olympia
County
Thurston
State
Washington
Latitude
47.04098790002
Longitude
-122.84112921408
3726 Pacific Ave, Olympia, Washington

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3726 Pacific Ave
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