1403 Garfield Avenue NE, Olympia, WA 98502

$525,000

Listing courtesy of NextHome Northwest Group.

List Price
$525,000
Status
ACTIVE
MLS#
2223288
Days on Market
18
Annual Tax Ammount
4034
Internet Provider
XFinity
Bank Owned
Yes

Property Description

Mid-century property in sought after West Olympia, ideally suited for medical or professional services. Building has a well-designed layout that includes a welcoming reception area, six offices or treatment rooms & 3 half baths. Highlighting its distinct architecture, building features a large, open room w/vaulted ceilings & a stage. Stylish & functional, beautifully finished w/ concrete flooring, quality wood trim and doors. Has abundance of natural light streaming through the many windows. Radiant heating system is powered by a new boiler. Corner lot offers ample street parking along with 4 owned parking spaces. Location provides excellent visibility & access, close to bus lines & downtown. Prime spot for numerous business opportunities.

Additional Information

Community
Westside
Building Condition
Very Good
Style
73 - Office
Year Built
1972
# of Assigned Spaces
4
Roof
Torch Down
Tax Year
2024
Potential Terms
Cash Out, Conventional
Interior Features
Concrete, Hardwood
Flooring
Concrete, Hardwood
Driving Directions
Harrison to North on Plymouth to corner of Plymouth and Garfield.
Energy Source
Electric, Natural Gas
Buyer Agency Compensation
2.5
Net Operating Income
$31,876
Gross Adjusted Income
$38,400
Gross Scheduled Income
$38,400
Water/Sewer/Garbage Expenses
$4,531
Cap Rate
6
Total Expenses
$11,055
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