1005 Adams Street Southeast

Olympia, WA 98501

$1,100,000
Price
10,800 / 0.25
Lot Size / Acres

Description

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...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.
  1. Listed by Kristy Woodford • Real Broker LLC
  2. Listed by Charlie Grate • Real Broker LLC

Property Details for 1005 Adams Street Southeast

Community Name
Olympia
School District
Olympia
View
Mountain(s), Sound, Territorial
Entry Date
03-15-2024
Sewer
Available

Location

Listing Courtesy of Real Broker LLC
Add your commute
LISTING UPDATED: 04/12/2024 01:11 PM

Property Details for 1005 Adams Street Southeast

StatusActive
MLS #2212484
Days on Market44
Cumulative Days on Market43
Taxes$11,416 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.25 AC
CountyThurston County

Location

Listing Courtesy of Real Broker LLC
Add your commute

Building Information for 1005 Adams Street Southeast

Lot Size0.25 AC

Payment Calculator

$6,954 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$951

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1005 Adams Street Southeast

Summary
Location and General Information
  • Style: 43 - Comm/Industrial
  • Area: 447 - Olympia North
  • High School: Olympia High
  • Directions: From 6th go South on Adams home is just pass 10th on the right side grey with a covered porch. Sign is down in the yard.
  • Property Sub Type: VACL
  • Road Information: Paved
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Carport: No
Interior and Exterior Features
Interior Features
  • Cooling: No
  • Fireplace: No
  • Heating: No
  • FIRPTA: No
Exterior Features
  • Road Surface Type: Paved
Property
Utilities
  • Electricity: Available
  • Electric On Property: No
  • Gas Available: On Property
  • Water Source: Available
  • Utilities: Natural Gas Available, Electricity Available
Property and Assessments
  • Senior Exemption: No
  • Zoning Jurisdiction: City
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 16
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Realist
  • Parcel Number Free Text: 78506200300
  • Calculated Square Footage: 0
  • Structure Type: Industrial
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Land
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Property History for 1005 Adams Street Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1005 Adams Street Southeast

Taxable ValueLand$187,500Additions$421,500Total$609,000
Tax Record2023$6,074 ($506 / month)
Home Facts
Baths3Total Finished SqFt2,632 SqFtAbove Ground SqFt2,632 SqFtStories2Lot Size4,792 SqFtStyleMulti-Family Dwelling (2-4)Year Built1955Year Renovated1987CountyTHURSTONAPN7850-62-00300Fireplace TypeHas Fireplace

Schools near 1005 Adams Street Southeast

This home is within Olympia School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Olympia High School
Public9 to 12

Avanti High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1005 Adams Street Southeast is a 0.25 ac of land for sale in Olympia, WA 98501. This property was listed for sale on March 15, 2024 by Real Broker LLC, it's currently listed at $1,100,000. This listing's school district is Olympia School District. Nearby schools include Lincoln Elementary School, Washington Middle School and Olympia High School. 1005 Adams Street Southeast is a 0-bed, 0-bath, 0.25 ac of land on a 10,800 sq. ft. / 0.25 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker LLC

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.