3425 Pacific SE Ave Olympia, WA 98501-2160
- Turn key restaurants
- 3,860 SF
- 0.14 lot acres
Current Use by Public Records
- Shari's Cafe and Pies / Brunch Restaurant / Lunch Restaurant
Property Details for 3425 Pacific SE Ave
- Year built
- 1993
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.14 lot acres
- Property size
- 3,860 SF
- Zone code
- GC
- Property type
- Turn key restaurants
- APN
- 6645-00-00300
- APU
- 66450000300
Description
This exceptional 3,909-square-foot retail or restaurant space presents a unique leasing opportunity in a high-traffic location within Olympia Square South. Strategically situated at the signalized intersection of Pacific Avenue and Fones Road, this single-tenant property boasts unparalleled visibility and accessibility. Its prime location offers immediate proximity to Interstate 5, a major thoroughfare with over 140,000 vehicles passing daily, and Pacific Highway, experiencing over 35,000 daily trips. This ensures significant exposure to a large potential customer base. The property benefits from its placement near established retail giants, including Ross (anchor tenant), Albertsons, US Foods CHEF'STORE, Home Depot, and the South Sound Center (anchored by Target and Kohl's), as well as Fred Meyer. This synergistic environment creates a strong retail ecosystem, attracting substantial foot and vehicle traffic. The entire 3,909 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This property is located in Thurston County and offers an exceptional opportunity for businesses seeking high visibility and convenient access to a dense population. The property's location within a well-established retail center ensures a strong foundation for success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,600,000
- 6.5%
- $1,505,000
- 7%
- $1,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,315,000
- Geo Method
- $1,405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,335,000
- Retail
- $1,790,000
- Mixed-Use
- $1,710,000
- Hospitality
- $1,630,000
- Educational
- $1,685,000
- Residential Income
- $1,495,000
- Energy
- $1,590,000
- Income-Based Land
- $1,500,000
- Food Service
- $1,625,000
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.847
- Latitude
- 47.0414
- CBSA code
- 36500
- CBSA name
- OLYMPIA, WA METROPOLITAN STATISTICAL AREA
