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    8602 Pacific Ave Olympia, WA 98513

    Sponsored
    For Sale
    $1,000,000

    Prime Commercial Land; Residential Home Included

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.2-acre property located at 8602 Pacific Ave SE, Olympia, WA 98513, presents a unique investment opportunity in a thriving area. Priced at $1,000,000, the land offers endless development potential for discerning investors and developers. The property currently includes a three-bedroom, two-bathroom home, providing immediate rental income potential or temporary housing during the planning and development phases. This existing structure adds significant value and flexibility to the overall investment. The expansive acreage is ideally suited for a variety of projects, including multi-family residential developments such as condos, apartments, or duplexes. Alternatively, the property could accommodate a mixed-use development, capitalizing on the increasing demand for commercial ventures in this rapidly growing location. The property's zoning and potential uses should be independently verified. This is a rare chance to acquire a large parcel of land in a prime location, poised for significant appreciation and return on investment. The property is situated in Thurston County and offers convenient access to Olympia's amenities and infrastructure. This is a truly remarkable opportunity to shape the future of this desirable area.

    Property Features for 8602 Pacific Ave

    General Information

    Property type
    Land

    HighLights

    • $1,000,000 asking price.
    • 4.2 acres of prime commercial land in Olympia, WA.
    • Located at 8602 Pacific Ave SE, Olympia, WA 98513.
    • Includes a 3‑bedroom, 2‑bathroom home.
    • Excellent redevelopment potential for multi‑family housing or commercial ventures.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Gym & Fitness Auto Repair Shop Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.75699323105
    Latitude
    47.036475559611

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land; Residential Home Included
    Where is this land located?
    The property is located at 8602 Pacific Ave Olympia, WA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price.; 4.2 acres of prime commercial land in Olympia, WA.; Located at 8602 Pacific Ave SE, Olympia, WA 98513.
    (360) 957-7653
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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
    8602 Pacific Ave Olympia, WA 98513
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