115 Eastside Street NE, Olympia, WA 98506
- $929,600
Listing courtesy of Morrison House Sotheby's Intl.
- List Price
- $929,600
- Status
- ACTIVE
- MLS#
- 2562553
- Days on Market
- 0
- Annual Tax Ammount
- 13150.17
- Internet Provider
- Xfintiy
Property Description
Exceptional redevelopment and investment opportunity in the heart of Olympia. Ideally located just 6 minutes from the Washington State Capitol, this General Commercial-zoned property offers outstanding flexibility for a wide range of commercial, residential, and mixed-use possibilities. Situated on 0.24 acres, the property includes two separate buildings totaling over 5,500 square feet, making it ideal for an owner-user, investor, or developer seeking income-producing potential. The 936 SF cottage can function as a private residence, executive office, or administrative space and includes an additional 936 SF basement providing abundant storage or workspace. This versatile building also offers excellent potential for supplemental rental income. The larger 3,712 SF commercial building, formerly a fully operational veterinary clinic, features 2,104 SF on the main floor and 1,608 SF on the second level, complete with a vaulted flex space and full bathroom. The flexible floor plan lends itself to professional offices, medical or wellness uses, educational facilities, or creative workspaces. With General Commercial zoning, existing infrastructure, four on-site parking spaces plus ample street parking, and preliminary potential for conversion into multiple residential units (approximately 3-bedroom, 2-bedroom, and 1-bedroom configurations-buyer to verify), this property presents an exceptional opportunity for adaptive reuse or future redevelopment.
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Additional Information
- Community
- Eastside Olympia
- Building Condition
- Good
- Style
- 73 - Office
- Year Built
- 2013
- # of Assigned Spaces
- 10
- Roof
- Composition
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Vinyl, Vinyl Plank, Carpet
- Driving Directions
- Exit 105 towards Port of Olympia, Merge onto 14th Ave SE, R onto Henderson Blvd, R on Union Ave SE, L onto Eastside St SE
- Energy Source
- Electric
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