317 State Ave NE, Olympia, WA 98501
For Sale
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.
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
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.