116-118 State Ave NE - Storefront FOR SALE


Olympia, WA 98501- Downtown Olympia
$736,000 USD
425-387-5988
116-118 State Ave NE, Olympia, WA for Sale
$736,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

116-118 State Ave NE
Olympia, WA 98501
Downtown Olympia


HIGHLIGHTS

  • Located in Olympia’s downtown core with strong pedestrian and commuter activity
  • Excellent retail frontage and visibility along a prominent city corridor
  • Surrounded by dining, cultural attractions, and governmental offices that drive steady traffic
  • Immediate access to Interstate 5 linking to greater Puget Sound metropolitan areas
  • Positioned within a thriving downtown redevelopment environment enhancing property value
  • Flexible usability for retail, professional, or specialty service concepts

OVERVIEW

Prime investment opportunity! This commercial storefront property in the heart of Downtown Olympia presents a unique purchasing opportunity in a vibrant business corridor. Positioned along State Avenue NE, the location offers optimal visibility and foot traffic, surrounded by a blend of local retailers, dining establishments, and professional services. The site enjoys proximity to major arterials offering access to Interstate 5, ensuring connectivity to regional markets and increased customer reach. Olympia, the state capital, supports a robust employment base with steady population growth, enhancing long-term investment prospects for owner-users or investors seeking a high-demand urban setting. Its central placement within government, hospitality, and cultural districts bolsters tenant appeal and broadens potential usage scenarios including boutique retail, service operations, or specialty concepts. Develop into a lasting asset with reliable appreciation potential given its downtown positioning and established pedestrian-friendly environment. The location benefits from city infrastructure investments and sustained economic activity driven by legislative operations and local commerce.

FOR SALE DETAILS

PRICE

$736,000 USD

PRICE/SF

$199 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,900 SF

ZONING

DB

APN/PARCEL ID

78501200600

ASK ABOUT THIS PROPERTY

Dan ZhouGlobenex RealtyMore Info
425-387-5988

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Dan ZhouGlobenex RealtyMore Info
425-387-5988

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.