2921 Pacific Ave SE
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2921 Pacific Ave SE
8,336 SF Retail Building Olympia, WA 98501 £939,960 (£113/SF) 5.69% Net Initial Yield
Investment Highlights
- Close proximity to I-5
- Ample Parking
- High Traffic Main Arterial in Olympia
Executive Summary
Spacious retail space for sale just off I-5! With 12 parking spaces and unmatched visibility, the Lighthouse Antiques and Crafts building is a great opportunity for an owner/user, or possible investment property. Traffic counts estimated at 20k+. Tenants are on 1 year lease. Call LA for showings.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£65,797
|
£7.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£65,797
|
£7.89
|
| Taxes |
£8,355
|
£1.00
|
| Operating Expenses |
£3,912
|
£0.47
|
| Total Expenses |
£12,267
|
£1.47
|
| Net Operating Income |
£53,530
|
£6.42
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £65,797 |
| Annual Per SF | £7.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £65,797 |
| Annual Per SF | £7.89 |
| Taxes | |
|---|---|
| Annual | £8,355 |
| Annual Per SF | £1.00 |
| Operating Expenses | |
|---|---|
| Annual | £3,912 |
| Annual Per SF | £0.47 |
| Total Expenses | |
|---|---|
| Annual | £12,267 |
| Annual Per SF | £1.47 |
| Net Operating Income | |
|---|---|
| Annual | £53,530 |
| Annual Per SF | £6.42 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,336 SF
Building Class
C
Year Built
1969
Price
£939,960
Price Per SF
£113
Net Initial Yield
5.69%
NOI
£53,530
Tenancy
Single
Number of Floors
1
Building FAR
0.52
Lot Size
0.37 AC
Zoning
HDC-4 - High Density Corridor - 4
Parking
12 Spaces (1.44 Spaces per 1,000 SF Leased)
Frontage
142 ft on Pacific Ave SE
Amenities
- Bus Route
- Monument Signage
- Air Conditioning
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 38840000100 | Total Assessment | £848,958 |
| Land Assessment | £290,211 | Annual Taxes | £8,355 (£1.00/sf) |
| Improvements Assessment | £558,748 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
38840000100
Land Assessment
£290,211
Improvements Assessment
£558,748
Total Assessment
£848,958
Annual Taxes
£8,355 (£1.00/sf)
Tax Year
2024
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2921 Pacific Ave SE
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