Listing ID: 1393152
Sold For: $525,000
Status: Closed
Address: 2210 Black Lake Boulevard SW
City: Olympia
State: Washington
Postal Code: 98512
SqFt: 4,080
Acres: 1.032
County: Thurston
Great Location featuring two high-traffic lots (one w/ commercial bldg. and one vacant.) Both Lots are zoned PO/RM (Professional Office Residential Multi-Family-mix of office, moderate- to high-density residential, and small-scale commercial uses) totaling 1.03 acres. Features: kitchen, 2-baths upstairs, 1 bath downstairs. Auxiliary Bldg has 1 bath. Ample parking and high traffic counts with almost 300ft of road frontage. Two additional adjacent parcel for sale. New roof and gas furnace in 2017.

Primary Features

County: Thurston
Property Sub Type: Commercial Industrial
Property Type: Commercial Sale
Subdivision: Olympia
Year Built: 1964


Approximate Office Square Feet: 4080
Building Area Units: Square Feet
Furnished: Unfurnished
Heating Cooling Type: Forced Air
Living Area Units: Square Feet


Construction Methods: Standard Frame
Elevation Units: Feet
Exterior Features: Wood
Foundation Details: Slab
Lot Number: 3&4
Lot Size Square Feet: 44953
Lot Size Units: Square Feet
MLS Lot Size Source: Realist
Number Of Units Total: 6
Roof: Composition
Site Frontage: 299
Structure Type: Unspecified
Style Code: 60 - Comm Bldg Und 10K
Utilities: Natural Gas Connected
Water Company: City of Olympia
Water Sewer Garbage: 899
Water Source: Public


Country: US
MLS Area Major: 443 - Tumwater
Topography: Level
Zoning Class: Multi-Family,Office
Zoning Jurisdiction: City


Effective Year Built Source: Public Records
First Right Of Refusal: no
Mls Status: Sold
Offers: Seller intends to review offers upon receipt
Possible Use: Multi-Family, Office
Power Company: PSE
Power Production Type: Natural Gas
Preliminary Title Ordered: yes
Property Condition: Very Good
Year Built Effective: 1989


Buyer Financing: Other
Cap Rate: 5
Electric Expense: 3851
Gross Adjusted Income: 49200
Gross Rent Multiplier: 14
Gross Scheduled Income: 49200
Improvements Assessed Value: 270700
Insurance Expense: 1700
Land Assessed Value: 298800
Net Operating Income: 32769
Other Expense: 2086
Possession: Closing
Sale Type: MLS
Seller Disclosure: Provided
Special Listing Conditions: None
Tax Annual Amount: 7361
Tax Year: 2018
Total Actual Rent: 5000
Total Assessed Value: 569500
Total Expenses: 15897
Total Sqft Rented: 4080
Year Value Assessed: 2018

Zoning Info

Area Info

The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. The information contained in this listing has not been verified by Heaton Dainard, LLC (2412) and should be verified by the buyer. © 2022 NWMLS. All rights reserved. Data last updated: Wednesday, August 17th, 2022 11:20:30 PM.
Closed Listing courtesy of Vanguard Realty
Closed Listing courtesy of Vanguard Realty
Closed Listing courtesy of Vanguard Realty

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