8602 Pacific Ave Olympia, WA 98513
This exceptional 4.2-acre property located at 8602 Pacific Ave SE, Olympia, WA 98513, presents a unique investment opportunity in a thriving area. Priced at $1,000,000, the land offers endless development potential for discerning investors and developers. The property currently includes a three-bedroom, two-bathroom home, providing immediate rental income potential or temporary housing during the planning and development phases. This existing structure adds significant value and flexibility to the overall investment. The expansive acreage is ideally suited for a variety of projects, including multi-family residential developments such as condos, apartments, or duplexes. Alternatively, the property could accommodate a mixed-use development, capitalizing on the increasing demand for commercial ventures in this rapidly growing location. The property's zoning and potential uses should be independently verified. This is a rare chance to acquire a large parcel of land in a prime location, poised for significant appreciation and return on investment. The property is situated in Thurston County and offers convenient access to Olympia's amenities and infrastructure. This is a truly remarkable opportunity to shape the future of this desirable area.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.