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    2740 Pacific Ave Olympia, WA 98501

    For Sale
    $975,000

    High-end medical building, excellent investment.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 2011-constructed medical building at 2740 Pacific Avenue SE, Olympia, WA, presents a unique opportunity for owner-users or investors. The property boasts a prime location on Pacific Avenue SE and features high-quality construction materials throughout. The inviting reception area includes ample file storage and office space. Four spacious examination rooms are equipped with sinks and ADA-compliant doors, ensuring accessibility for all patients. Employee amenities include a dedicated break room, while administrative staff benefit from a private office with its own bathroom. An additional ADA-compliant bathroom and extra office space provide flexibility. Upstairs, exquisite bamboo floors grace a fully finished area, adding to the building's sophisticated appeal. Security is paramount with an 8-camera CCTV system and a GE alarm system installed. A gas-driven generator ensures uninterrupted power supply, minimizing downtime. Ample parking is available for nine vehicles. Zoned HDC-4, this property offers versatile usage possibilities beyond its current medical configuration, allowing for potential subleasing revenue streams. The asking price is $975,000. This is an exceptional opportunity to acquire a well-maintained, high-quality commercial building in a desirable location.

    Property Features for 2740 Pacific Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    2011
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lee Medical Clinic Medical Clinic Ken P. Lee ... Internist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.8621
    Latitude
    47.04378

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    FAQs

    What type of property is this?
    Commercial real estate - High-end medical building, excellent investment.
    Where is this commercial real estate located?
    The property is located at 2740 Pacific Ave Olympia, WA.
    What is the asking price?
    The asking price for this property is $975,000.
    (360) 851-1085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2740 Pacific Ave Olympia, WA 98501
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