204 Erie St SE, Tumwater, WA 98501
For Sale
This exceptional 2,176 square foot mixed-use commercial building, located at 204 Erie St SE in Tumwater, Washington, presents a unique investment opportunity. Built in 1972 and renovated in the 1980s, the property offers a blend of creative and medical office space, currently configured as a chiropractic office. The building boasts multiple offices, substantial storage space, and is fully ADA accessible. Ten convenient parking spaces are available on-site. The asking price is $549,900, representing a compelling value for this well-maintained property in a desirable location within Thurston County, WA (zip code 98501). The entire 2,176 square feet is net rentable, providing maximum usable space for the new owner. Its adaptable layout makes it suitable for a variety of businesses, from medical practices to creative agencies. The property's prime location in Tumwater offers easy access to major transportation routes and a thriving local community. This is a chance to acquire a turnkey commercial property with significant potential for growth and return on investment. The building's existing medical-grade rooms provide a solid foundation for a healthcare-related business, while its flexible design allows for easy adaptation to other uses. Don't miss this opportunity to own a piece of Tumwater's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.