400 State AveOlympia, WA 98501

This exceptional .45-acre commercial lot, located at 400 State Ave NE in Olympia, WA (APN 78504200100), presents a compelling redevelopment opportunity. Priced at $1,250,000, this property boasts a 19,506 square foot lot size and is zoned Urban Waterfront, offering significant flexibility for various development projects. Its strategic location within an Opportunity Zone provides added investment incentives. The site's proximity to the Downtown InterCity Transit Station ensures convenient access for future tenants and patrons. Easy access is also available from Adams Street NE and State Ave NE. A Phase II Environmental Site Assessment has been completed, yielding favorable results, minimizing environmental concerns for potential developers. The property's versatility allows for a range of uses, including retail, multifamily, or mixed-use developments, catering to the diverse needs of the thriving Olympia market. This is a rare chance to acquire a prime commercial parcel in a highly desirable and rapidly developing area of downtown Olympia. The property's size and zoning make it an ideal candidate for a variety of projects, promising substantial returns on investment. Don't miss this exceptional opportunity to shape the future of Olympia's downtown landscape.