- For Sale $1,990,000
- Property Type Retail
- Property Size 7,500 SF
- Lot Size 23,958 SF
- Additional Rent Contact for pricing
- Parking Spaces Avail. 19
- Parking Ratio 2.53 / 1,000 SF
- Year Built 1992
- Date Updated Nov 19, 2024
- Visibility/Traffic Count (VPD) 14,175
Kidder Mathews is pleased to present the opportunity to acquire a 7,500 SF neighborhood retail center, ideally suited for an owner-user. The property is fully occupied, with two tenants on month-to-month leases, offering flexibility for an owner-user to occupy up to 5,160 SF (69%) of the property while maintaining rental income from the remaining space. Priced at just $265 per square foot, this offering is well below replacement cost, making it an exceptional value. The retail center benefits from its prime location in a densely populated residential area, with over 2,763 homes and an average household income of $89,377 within a 1-mile radius, providing strong consumer demand. Additionally, the property boasts excellent accessibility, being minutes from major freeways such as I-5 and its location on Capitol Blvd, with 14,175 vehicles per day (VPD). This exposure enhances its appeal for retail businesses seeking visibility and convenience, making it an ideal investment for an owner-user looking to establish a business in strong market.
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Contacts
Location
Getting Around
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Walk Score ®
64/100 Somewhat Walkable -
Transit Score ®
35/100 Some Transit -
Bike Score ®
51/100 Bikeable
- City Olympia, WA
- Neighborhood Southeast Capitol Boulevard
- Zip Code 98501
- Market Seattle
Points of Interest
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Capital Aeroporter Airport Shuttle
2.73 miles
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Olympia-Lacey
5.32 miles
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Shell
0.31 miles
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Chevron
0.39 miles
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Costco Gasoline
0.75 miles
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Fred Meyer
0.77 miles
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USA Gasoline
0.86 miles
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Texaco
1.08 miles
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Jorgensen Air Service
1.26 miles
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bp pulse
2.79 miles
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Tesla Supercharger
2.86 miles
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ChargePoint
3.08 miles
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Town Center Parking Garage
0.32 miles
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Labor and Industries Parking
0.71 miles
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Police Parking
0.81 miles
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Labor & Industries Parking
0.88 miles
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Buses
2.34 miles
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Lot D
2.49 miles
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Lot E
2.53 miles
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Lot F
2.55 miles
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Lot G
2.61 miles
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Lot 29
2.61 miles
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DQ Grill & Chill
0.03 miles
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Eagan's Drive In
0.10 miles
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Niko Teriyaki
0.41 miles
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Inferno's Brick Oven Pizza
0.43 miles
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Red Wagon
0.45 miles
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Flaming Pigs BBQ
0.45 miles
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Koibito Sushi Teriyaki
0.45 miles
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Pho 111
0.45 miles
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Meconi's Italian Subs
0.46 miles
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Domino's
0.52 miles
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Walmart Supercenter
0.70 miles
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Fred Meyer
0.73 miles
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Safeway
0.81 miles
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Trader Joe's
3.37 miles
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Haggen
3.49 miles
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Big Lots
3.74 miles
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Compass Rose
3.81 miles
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Archibald Sisters
3.84 miles
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JCPenney
3.84 miles
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Macy's
3.84 miles
Frequently Asked Questions
How much does Capitol Blvd Retail Center cost?
The space currently listed for sale at Capitol Blvd Retail Center asks for $1,990,000.
What is the total square footage of Capitol Blvd Retail Center?
Capitol Blvd Retail Center totals 7,500 square feet.
When was this property built?
Capitol Blvd Retail Center was built in 1992.
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