6200 Capital Boulevard S, Tumwater, WA 98501

$836,000

Listing courtesy of Jet Real Estate. Selling Office: Blue Summit Realty LLC.

Sold Price
$836,000
List Price
$861,500
Status
SOLD
MLS#
1647224
Closing Date
Oct 02, 2020
Days on Market
9

Property Description

Great business location in Tumwater on South Capital Blvd-4 lane paved main arterial originating in Olympia and running north/south through Tumwater. One story and partial 2 story wood framed building, leased to multiple tenants (6), for a variety of commercial uses. Ground floor 6,542+/-,upper 1,804+/-sqft. CBC-Capital Boulevard Community zoned to provide for a broad spectrum of compatible, mutual supporting uses in close proximity. Close to I5, Medical, Shopping, State Bldings, Residential.

Additional Information

Community
Tumwater
Building Condition
Average
Style
75 - Retail
Year Built
1983
# of Assigned Spaces
61
Roof
Composition, Flat, Metal
Tax Year
2020
Potential Terms
Cash Out, Conventional
Interior Features
Heat Pump, Concrete
Flooring
Concrete, Vinyl, Carpet
Driving Directions
Southeast corner, intersection of "W" st SE and Capital Blvd South.
Heating/Cooling Type
Forced Air, Heat Pump
Net Operating Income
$60,324
Gross Adjusted Income
$79,800
Gross Scheduled Income
$84,000
Water/Sewer/Garbage Expenses
$3,900
Cap Rate
7
Vacancy Rate
5
Total Expenses
$19,476
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