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    FOR SALE
    Medical Office Space

    204 Erie St SE, Tumwater, WA 98501

    2,176 SF 0.14 ac lot Built 1972
    Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US90-1148676
    204 Erie St SE, Tumwater, WA 98501 For Sale
    $499,999 2,176 SF
    204 Erie St SE, Tumwater, WA 98501
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1972
    Construction WOOD FRAME
    Total area 2,176 SF
    Lot 0.14 ac (6,098 SF)
    APN 8490-01-01400
    UPID US90-1148676
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Ronnie L Douglas · 5 yrs held
    Ronnie L Douglas
    since 2020
    3 recorded transactions
    2020
    2008
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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