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$929,600
2562553 MLS ⋅ ACTIVE Status
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.

115 Eastside Street NE, Olympia

Listing courtesy of Morrison House Sotheby's Intl.

$750,000
2559370 MLS ⋅ ACTIVE Status
Experience a bite of Old Olympia when you own this classic piece of Olympia's storied history! The Rudkin home is on the local Historic Register. Dazzling curb appeal and splendid views of the Capitol Dome, the Black Hills, and the Olympics! Largely level lot with the room to expand your business profile by buying the vacant lot contiguous to the east. Oozing with nuances of Old World charm. So conveniently close to all amenities!

1005 Olympia Avenue NE, Olympia

Listing courtesy of Virgil Adams Real Estate, Inc..

$349,000
3 Beds ⋅ 1 Baths ⋅ 2505659 MLS ⋅ ACTIVE Status
Darling 1925 bungalow in the heart of Downtown Olympia. Former, profitable, AirBnb and Travel Nurse rental, consistently booked. Bright updated kitchen with Marmoleum floors, butcher block counters, open shelving, newer cabinets and appliances. Updated accessible bathroom meets code, Marmoleum floors, newer vanity. 2 bedrooms on main, 1 larger bedroom upstairs. Updated vinyl windows, vinyl plank flooring, light fixtures, plumbing, electrical, garage door. Gated courtyard has hot tub wire. 1200 SF basement/garage accessed from North side of home (enter from Legion). Parking on street and behind home. ALL furnishings may be included/negotiated for turn-key short or mid-term rental. Seller is a licensed broker in the State of WA. Zoned Downtown Commercial.

408 7th Avenue SE, Olympia

Listing courtesy of RE/MAX Advantage.

$1,595,000
2455186 MLS ⋅ ACTIVE Status
Here's your opportunity to own one of downtown Olympia's most recognizable historic commercial landmarks. Prominently located on a .17-acre corner lot across from City Hall and within Olympia's Historic Creative District, this 8,400 SF terra-cotta Gothic Revival influenced building offers exceptional character, visibility, and flexibility. Designed by renowned Olympia architect Joseph Wohleb and built by the historic Titus family, this architecturally significant property has served Olympia through multiple eras, including auto dealerships, retail, and most recently a successful restaurant/bar. Zoned Retail – Food Downtown Business, the property features approximately 6,136 SF of restaurant space, 1,200 SF of office, 1,064 SF of warehouse/storage, and an 812 SF private banquet/event room. Existing improvements include two walk-in coolers, commercial vent hoods, a Wood Stone wood-fired pizza oven, HVAC, fire protection, security systems, and established restaurant infrastructure. Beyond continued hospitality use, the property's flexible layout and landmark location provide excellent potential for adaptive reuse including creative office, retail, entertainment, event venue, brewery/tasting room, hospitality, or mixed-use concepts. A rare opportunity for an investor, owner-user, or visionary developer to acquire a signature downtown Olympia asset with historic significance and long-term potential.

520 4th Avenue E, Olympia

Listing courtesy of Century 21 Van Dorm Realty.

$995,000
2456143 MLS ⋅ ACTIVE Status
First time on the market for sale! What a great location at the corner of 5th and Capitol in downtown Olympia. 7072 sq ft on the main floor and 1600 sf ft upstairs. Current tenants are Escape Puzzle Room, Harlequin Productions and Super Silver Jewelry store. Tenants are month to month. New HVAC.

501 S Capitol Way, Olympia

Listing courtesy of Coldwell Banker Evergreen.

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