511 7Th Ave, Olympia, WA 98501
This exceptional 0.17-acre lot, located at 511 7th Ave SE in Olympia, Washington, presents a unique investment opportunity. Currently zoned DB, this property offers significant potential for future development. The site previously housed a residential structure, the foundation of which remains intact. The address is verified as 511 7th Ave SE, Olympia, WA 98501, Thurston County. The property's APN is 78605700200|1. The asking price for this versatile land parcel is $175,000. Given its commercial and residential zoning (DB), this location is ideal for a variety of projects, allowing for creative and flexible development plans. The existing foundation could potentially reduce initial construction costs, offering a significant advantage to prospective developers. This property's central Olympia location provides easy access to local amenities, transportation routes, and a thriving community. Serious inquiries are encouraged to explore the possibilities this unique property offers. The latitude and longitude coordinates are 47.0425987, -122.8958129 respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.