302-304 4th Ave E - Storefront FOR SALE


Olympia, WA 98501- Downtown Olympia
$2,200,000 USD
253-241-3280
302-304 4th Ave E, Olympia, WA for Sale
$2,200,000 USD
Storefront - FOR SALE
1/10
null | 3.72% Cap Rate

302-304 4th Ave E
Olympia, WA 98501
Downtown Olympia


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$352 USD /SF

CAP RATE

3.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Avalon Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Residential, Showroom, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,918 SF

ZONING

DB

APN/PARCEL ID

78503300802

ASK ABOUT THIS PROPERTY

Terry VoJohn L Scott Real EstateMore Info
253-241-3280

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Terry VoJohn L Scott Real EstateMore Info
253-241-3280

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