2210 Black Lake Blvd SW $675,000

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    2210 Black Lake Blvd SW Olympia, WA 98512

    • 1.03 Acres
    • Commercial/Industrial
    Listing# 1393152 | Active

    $675,000

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    Days On Market: 282 10 Views
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    Property Details

    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.

    • General Features
      • County Thurston
      • Zoning Class Multi-Family, Office
      • Zoning Jurisdiction City
      • Style 60-Comm Bldg Und 10K
      • Approx Building SqFt 4,080
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 4,080
      • Total Uncovered Parking 0
      • Total Covered Parking 0
    • Building Features
      • Exterior Wood
      • Foundation Slab
      • Roof Composition
      • Heating and Cooling Forced Air
    • Property Features
      • Lot Square Footage 44,953
      • Depth of Lot 0
      • Site Frontage 299
      • Water-Sewer-Garbage 899
      • Energy Source Natural Gas
      • Power Company PSE
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 4,080
      • Total Monthly Rent $5,000
      • Gross Rent Multiplier 14
      • Cap Rate -NOI div LP 5
      • Gross Scheduled Income $49,200
      • Gross Adjusted Income $49,200
      • Total Expenses $15,897
      • NOI $32,769
      • Electrical Expenses $3,851
      • Tax Expense $7,361
      • Heating Expense $0
      • Insurance Expense $1,700
      • Annual Assoc. Dues $0
      • Other Expenses $2,086
      • Tax Year 2018

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    Neighborhood

    98512 (Olympia) Demographics

    40Median Age
    197Population Density (per sq. mile)
    45%College Educated
    $67,663 Estimated Median Income
    7,870Estimated Total Home Owners
    3,730Estimated Total Renters
    68% / 32%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    29,666Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $345,898 Median Sales Price
    51 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $675,000
        12/10/2018 3:31:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.