$1,100,000 $5,905 est/mo Sourced by Back At You

1005 Adams Street,Olympia, WA 98501

Olympia WA, 98501

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Excellent redevelopment site in Olympias downtown Opportunity Zone. Prominently located near the State Capital this 10,800 SF site is a perfect opportunity for a mixed-use development. Previous plans for a 42 unit 6 story building with Retail on the ground floor and 42 residential units above, available upon request. This Site features territorial views of the Olympic Mountains and Mount Rainier. The site currently has 6 multifamily units to provide income while going through the design and permitting process. Low vacancy rates and excellent proximity to the State Capital combined with the excellent tax advantages of being in an opportunity zone make this an excellent investment opportunity.


Listing TypeFor Sale
StyleFarm or Ranch
Days On Site89
Listing Provided ByReal Broker LLC | Kristy Woodford
Buying Commision2.5%


Property ViewYes

Market Activity 98501

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 Listings courtesy of NWMLS as distributed by MLS GRID.

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Learn More About This Property

Zip Code98501
Area447 Olympia North
Community NameOlympia
School DistrictOlympia High
Listing VS Median (in Olympia)
low | high
98.190909090909% of Average
On Site:
low | high
100% of Average
Sourced by Back At You
Listing Updated: June 12, 2024 at 11:26:16 AM PDT