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Listed by:John L. Scott, Inc • Terry Vo
$2,200,000
Est. payment /mo
4,915 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Olympia
MLS Listing ID 2550358
Style 60 - Comm Bldg Und 10K
Year Built 1928
Annual Tax Amount $8,525
Lot Size 4,915 Sqft
Property Sub-Type Commercial Industrial
Property Description
Exceptional investment opportunity in the heart of Downtown Olympia's Creative District. This historic mixed-use commercial building is occupied with eight established tenants, providing a diversified income stream from street-level retail, artist lofts, music studios, and office space. Located on the prominent corner of 4th Avenue and Franklin Street, the property offers approximately 180 feet of high-visibility frontage with strong pedestrian and vehicle traffic, metered street parking, and a public parking lot directly across the street. Less than one mile from the Washington State Capitol Campus, the property benefits from a strong daytime workforce, surrounding restaurants, retail, entertainment, and continued downtown revitalization. Situated within a federally designated Opportunity Zone, this asset offers potential tax advantages for qualified investors and significant long-term upside through rental growth, capital improvements, repositioning, or future redevelopment, subject to buyer verification.The established tenant mix has created a vibrant destination within Downtown Olympia while providing stable occupancy and consistent cash flow. A rare opportunity to acquire a well-positioned commercial asset with exceptional visibility, strong in-place income, and outstanding long-term investment potential in one of Olympia's premier commercial corridors. Ideal for investors seeking a stable asset with future appreciation potential in a highly desirable downtown location.
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Flooring Concrete, Hardwood, Softwood
Fireplace false
Exterior
Exterior Feature Stucco
Roof Type Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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