$3,750,000
Capitol Way Development Site
Listing Type: For Sale
Property Type: Land, Multi-Family
Status: Available
CBA ID#: 679435
Property Type: Land, Multi-Family
Status: Available
CBA ID#: 679435
Marketing Description:
Located in a Qualified Opportunity ZoneDowntown Business District (DB) Zoning - very development friendly: no parking requirements, no minimum setbacks, no density (units/acre) maximum, and max height of 75’ but allows an additional 2 stories with an 8’ step back.Olympia’s Downtown Historic District - With a walk score of 89, tenants have easy access to a variety of different restaurants, bars, coffee shops, and shopping.Superior Demographics in Olympia - Olympia’s average household income is $95,966 and the median household income is over $70,000. The median home value in the 98501 Zip Code is $528,591Commutable to Over 712,000 JobsCovered Land Play - Potential revenue during entitlement phase from existing 32,343 sf commercial building and 49 stall surface parking lotGreen SpLand Features:
- Lot Size: 25200 SqFt
- Lot Acreage: 0.58 Acres
- Zoning: DB
Building Features:
- Building Size: 32343 SqFt
- Number of Floors: 3
- Cap Rate: 0.00%
- Year Built: 1957
This Listing Supplied Courtesy of Mogharebi - Ozen Company
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
