321 Cleveland SE Ave Tumwater, WA 98501-3348

This exceptional mixed-use storefront property, known as Cleveland Plaza, presents a compelling investment opportunity. Located at 321 Cleveland Ave SE in Tumwater, Washington, 98501, this fully renovated (2019-2023) building boasts 15,765 net rentable square feet across three stories. The property sits on a 0.78-acre lot within Thurston County's Brewery District, benefiting from excellent visibility and accessibility. Currently operating at 100% occupancy with a strong tenant mix and several long-term leases, Cleveland Plaza generates a substantial net operating income (NOI) of $312,610, yielding a 7.36% capitalization rate. The building, constructed in 1984, features a northwest contemporary design with abundant natural light. Its prime location across from Tumwater Safeway, near I-5 and downtown Olympia, and on a bus line ensures high traffic and convenient access. The property's APN is 84900200600, and it is classified as a Class B, stabilized investment with a multi-tenancy NNN lease structure. The asking price is $4,250,000. This is a rare opportunity to acquire a fully renovated, high-performing asset in a thriving commercial district.