521 Capitol Way Olympia, WA 98501 – Capitol Way Development Site

521, Capitol Way, Olympia, WA  98501

For Sale

Capitol Way Development Site (Status: Available) 3750000

521, Capitol Way, Olympia, WA  98501

Located in a Qualified Opportunity ZoneDowntown Business District (DB) Zoning – very development friendly: no parking requirements, no minimum setbacks, no density (units/acre) maximum, and max height of 75’ but allows an additional 2 stories with an 8’ step back.Olympia’s Downtown Historic District – With a walk score of 89, tenants have easy access to a variety of different restaurants, bars, coffee shops, and shopping.Superior Demographics in Olympia – Olympia’s average household income is $95,966 and the median household income is over $70,000. The median home value in the 98501 Zip Code is $528,591Commutable to Over 712,000 JobsCovered Land Play – Potential revenue during entitlement phase from existing 32,343 sf commercial building and 49 stall surface parking lotGreen Sp

Listing Details

Asset Class: Multi-Family,Land
Year Built: 1957
Building Total Square Feet: 32343
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: DB

CBA

Listing Courtesy of: Mogharebi – Ozen Company

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.

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