Prime Downtown Investment Opportunity - Fully Leased Retail with Rare On-Site Parking Located in the heart of downtown Olympia, this fully renovated mixed-use retail property presents a rare opportunity for investors seeking stable cash flow and long-term upside (Great CAP Rate). This 2000+ SF building features two fully leased retail storefronts, generating consistent income with strong tenant demand in a high-visibility location. Recent upgrades include a brand-new roof and interior renovations, significantly reducing near-term capital expenditures and enhancing tenant appeal. Ideal for investors seeking a turnkey, income-producing asset with both stability and future appreciation potential.
| MLS # | 2518287 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1946 |
| Days On Site | 146 |
| Listing Provided By | WeLakeside | David Li |
| Units | 2 |
|---|---|
| Zoning | Commercial |
| Acreage | 0.14 |
| Property | 3097 |
|---|
| State | WA |
|---|---|
| County | Thurston |
| City | Olympia |
| Zip Code | 98501 |
| Area | 447 Olympia North |
| Community Name | Olympia |
| Listing VS Median (in Olympia) | |
Price: $736,000 low | high Med: $557,000 On site: 146 low | high Med: 130 | |
| State | WA |
|---|---|
| County | Thurston |
| City | Olympia |
| Zip Code | 98501 |
| Area | 447 Olympia North |
| Community Name | Olympia |
| Listing VS Median (in Olympia) | |
Price: $736,000 low | high Med: $557,000 On site: 146 low | high Med: 130 | |
![]() | $1,825,000210 4th AvenueOlympia, WA 98501 |