Multi-Generational Living and Sports Complex

7430 56th Ave NE Olympia, WA 98516

7430 56th Ave NE, Olympia, WA, 98516
Drone Photo
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FOR SALE
Property Type:
Other Special Purpose
Amount:
$1,700,000
Last Verified:
Nov 07, 2023


Description

Stunning Olympia Estate with Endless Possibilities!

Welcome to 7430 56th Ave NE, Olympia, WA 98516, a unique and versatile property offering a rare combination of comfortable living and incredible business potential. Situated on 3.42 acres of picturesque, mostly fenced land, this property presents an array of possibilities.

Main Home:
• Built in 2003
• Spacious 2,022 Sq Ft
• 3 Bedrooms, 2 Baths
• Open Concept Floorplan with Vaulted Ceilings
• Large Front Wooden Deck and Rear Cement Patio
• Detached 2-Car Garage
• Composition Roof
• All Appliances Included
• Private Well and 6-Bedroom Septic System

Sports Facility Building W/Living Areas:
• Built in 1999
• Expansive 2,960 Sq Ft of Living Spaces
• Living Area #1: Situated fully on the ground floor, this Stand-Alone Unit with 1 Bedroom, Full Bath, Kitchen, Laundry, Family Room with Wood Stove, and a Walk-in Closet
• Living Area #2: 2 Bedroom Unit with 1 Bedroom, 1 Full Bath, Living Area, and a Kitchen Downstairs; 1 Bedroom, 1 Full Bath, 1 Half Bath, Living Area, Kitchen, Laundry, and a Walk-in Closet Upstairs
• Huge Upper Deck (Approx. 14’ x 50’) and Lower Covered Patio (Approx. 12’ x 48’)
• Ideal for Multi-Generational Living, Rental Income, or Equestrian

Sports Court:
• Wooden Basketball Court with Collegiate Glass Backboards
• Large Ceiling-Mounted Natural Gas Heaters
• Perfect for Basketball, Pickleball, or Events

Additional Features:
• Oversized Attached 2-Car Garage
• 2 Covered RV Parking Areas with Roll-Up Doors
• All Furniture in Sporting Facility and Living Areas Included

Potential Uses: This property offers endless possibilities, including on-site living rentals, housing for stay-at-home care providers, home business facility, church, events/wedding grounds, or conversion to a barn with paddocks and a riding arena. The choice is yours!
Don't miss this rare opportunity to own a property with such vast potential. Schedule a viewing today and explore the countless ways this estate can suit your lifestyle or business dreams.

Welcome to this unique & versatile property offering comfortable living & incredible business potential. Situated on 3.42 acres of picturesque, mostly fenced land, this property presents endless possibilities. Featuring two homes with a total three living units. The main home is spacious with its open concept & vaulted ceilings. Enjoy private views of the evergreens from the front deck. The second home is ideal for multi-generational living, rental income, home business facility or barn conversion. Showcasing two living units with a wooden Basketball Court. Perfect for sports & events. Attached and detached 2 car garages, and 2 enclosed RV parking areas. Explore the countless ways this estate can suit your lifestyle or business dreams.

Building Size: 9000sq ft
Lot Size: 3.42 acres

Map of 7430 56th Ave NE, Olympia, WA, 98516

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.