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    FOR SALE
    Commercial real estate

    317 State Ave NE, Olympia, WA 98501

    0.33 ac lot
    Individually Owned
    Property ID
    US90-0736917
    317 State Ave NE, Olympia, WA 98501 For Sale
    $900,000
    317 State Ave NE, Olympia, WA 98501
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    Property summary
    AI-generated overview

    This exceptional 0.33-acre commercial lot presents a unique redevelopment opportunity in Olympia's vibrant downtown core. Located at 317 State Ave NE, this property (APN 78503300300) is zoned for Downtown Business use, offering significant potential for a variety of commercial ventures. Its strategic location next to the Downtown InterCity Transit Station ensures excellent accessibility for both employees and customers, with convenient access from Adams Street NE and State Ave NE. The site is ideal for retail, multifamily, or mixed-use developments, catering to the growing demand in this thriving area. A completed Phase I Environmental Site Assessment provides a solid foundation for future planning and development. The asking price for this single-ownership property is $900,000. This is a rare chance to acquire a highly desirable commercial parcel in a prime downtown location, offering substantial returns on investment. Don't miss this opportunity to shape the future of Olympia's downtown landscape.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.33 ac (14,375 SF)
    APN 78503300300
    UPID US90-0736917
    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
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Revocable Tr Agmt Of Michael R Caha
    Revocable Tr Agmt Of Michael R Caha
    since 2025
    1 recorded transaction
    2025
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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