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Property profile & analytics
OFF-MARKET
Land

317 State Ave Olympia, WA 98501

0.33 ac lot
Individually Owned
Property ID
US90-0736917
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 Land
Lot 0.33 ac (14,375 SF)
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
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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