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Property profile & analytics
OFF-MARKET Estimated value $1,475,000
Turn key restaurants

3425 Pacific SE Ave Olympia, WA 98501-2160

3,860 SF 0.14 ac lot Built 1993
Entity Owned 2-yr Hold Free & Clear
Property ID
US90-1539175
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,860 SF
Lot 0.14 ac (6,098 SF)
Zoning code GC
APN 6645-00-00300
UPID US90-1539175
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
Current use
Occupant on record · Public records
  • Shari's Cafe and Pies Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.48M
Owner & transaction history
Fountain Village Development LLC · 2 yrs held
Fountain Village Development LLC
since 2024
Last sale
$1.5M
7 recorded transactions
2024
Price N/A
2024
$1.5M
2019
Price N/A
2019
$2.0M
2019
Price N/A
2016
$18.5M
1996
Price N/A
Zoning & alternative use
GC · Olympia, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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