1005 Adams Street SE, Olympia, WA 98501

WA, Olympia
$1,050,000
  • 0.25 Acre
  • Land Property Type
  • Canceled Status
Property Description

Excellent redevelopment site in Olympias downtown Opportunity Zone. Prominently located near the State Capital this 10,800 SF site is a perfect opportunity for a mixed-use development. Previous plans for a 42 unit 6 story building with Retail on the ground floor and 42 residential units above, available upon request. This Site features territorial views of the Olympic Mountains and Mount Rainier. The site currently has 6 multifamily units to provide income while going through the design and permitting process. Low vacancy rates and excellent proximity to the State Capital combined with the excellent tax advantages of being in an opportunity zone make this an excellent investment opportunity.

Source: NWMLS
Basic Details
  • Property Type: Land
  • Listing Type: For Sale
  • Listing ID: 2212484
  • Price: $1,050,000
  • View: Mountain(s),Sound,Territorial
  • Lot Area: 0.25 Acre
  • Status: Canceled
  • Office Name: Real Broker LLC
  • Agent Name: Kristy Woodford
  • Property Sub Type: Land
Features
  • Sewer Available
  • Utilities Electricity Available, Natural Gas Available
Address Map
  • Country US
  • State WA
  • County Thurston
  • City Olympia
  • Zipcode 98501
  • Street: Adams
  • Street Number: 1005
  • Street Suffix: Street
  • Longitude: W123° 6' 9''
  • Latitude: N47° 2' 23.6''
  • Directions: From 6th go South on Adams home is just pass 10th on the right side grey with a covered porch. Sign is down in the yard.
  • Mls Area Major: 447 - Olympia North
  • Street Dir Suffix: SE
Neighborhood
  • High School: Olympia High
  • High School District: Olympia
Additional Information
  • Water Source: Available
  • Possible Use: Multi-Family
  • On Market Date: 2024-03-15
  • Lot Features: Paved
Financial
  • Tax Annual Amount: 11416
Listing Information
  • Co List Agent Full Name: Charlie Grate
  • Co List Agent Mls Id: 50874
  • Co List Office Mls Id: 6529
  • Co List Office Name: Real Broker LLC
  • List Agent Mls Id: 68654
  • List Office Mls Id: 6529
  • Listing Term: Cash Out
  • Mls Status: Cancelled
  • Modification Timestamp: 2024-09-18T15:06:09Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-09-18T15:05:11Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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