3315 Pacific AveOlympia, WA 98501

Property Details for 3315 Pacific Ave

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.15 AC

Property size (Sq ft)

41,414 SF

Zone code

GC

Property type

Retail space

APN

6645-00-00100

APU

66450000100

Description

This exceptional retail opportunity is located at 3315 Pacific Ave SE, Olympia, WA 98501, at the intersection of Fones Rd and Pacific Ave, with convenient access from I-5 exit 107. The property, part of Olympia Square South, offers two available spaces: one 1,537 square feet and another 2,017 square feet. Previously occupied by a vacuum shop, these versatile spaces are suitable for various retail, office, or other commercial uses. The 64,393 square foot, single-story Class A building, constructed and renovated in 1988, boasts 13 suites in total and sits on a 5.31-acre lot with 200 parking spaces. The property benefits from a strong tenant mix including Shari's, Ross, and Smile 4 Kids Dental, ensuring high foot traffic and visibility. Nearby amenities such as Albertsons and Dairy Queen further enhance customer convenience. The property's zoning is Commercial, and its APN is 66450000100. Property taxes are $2.40 per square foot. This high-traffic location provides significant exposure for your business. The minimum divisible space is 1,537 square feet, with a maximum contiguous space of 1,537 square feet. Don't miss this chance to establish your business in one of Olympia's most vibrant retail destinations.

• CAP approach

  CAP return

  Valuation

  6%

  $16,473,894

  6.5%

  $15,206,671

  7%

  $14,120,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,986,470

  Geo Method

  $20,098,280

• Alternative Use

  Use

  Valuation

  Residential

  $12,827,396

  Hospitality

  $11,749,826

  Educational

  $9,775,717

  Medical

  $10,111,919

  Retail

  $15,206,671

Location Insight

City

Olympia

County

Thurston

State

Washington

Latitude

47.0414

Longitude

-122.849

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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