8245 Rich Rd Olympia, WA 98501

Property Details for 8245 Rich Rd

Year built

1917

Lot size

0.55 lot acres

Property type

Commercial real estate

Description

This exceptional commercial property presents a rare opportunity to acquire a well-established convenience store nestled in the heart of East Olympia, strategically positioned between Olympia and Yelm, offering convenient access to a substantial customer base. The property encompasses three parcels, totaling just over half an acre (0.55 acres), providing ample space for expansion and future development. The existing structure boasts a fully functional industrial kitchen, opening doors to a variety of potential revenue streams beyond traditional convenience store operations. The current owner believes the current Profit and Loss statement significantly underrepresents the property's true earning potential, suggesting a substantial upside for a new owner. A key advantage is the availability of space to add gas pumps, a feature highly sought after in this market and a significant potential revenue generator. This timeless and charming building offers a unique blend of established business and significant growth potential, making it an ideal investment for an ambitious entrepreneur seeking a profitable venture in a thriving community. The property's history and prime location combine to create an exceptional opportunity for a savvy investor to capitalize on its considerable potential. The three parcels provide flexibility for expansion or future development, ensuring long-term value and growth. This is a truly remarkable opportunity to own a piece of East Olympia's history and shape its future. The asking price is $700,000.

Location Insight

City

Olympia

County

Thurston

State

Washington

Longitude

-122.836

Latitude

46.9669