520 4th Avenue E, Olympia, WA 98501
- $1,595,000
Listing courtesy of Century 21 Van Dorm Realty.
- List Price
- $1,595,000
- Status
- ACTIVE
- MLS#
- 2455186
- Price Change
- ▼ $130,000 1780186448
- Days on Market
- 266
- Annual Tax Ammount
- 13824
- Internet Provider
- Xfinity
Property Description
ICONIC DOWNTOWN OLYMPIA LANDMARK — OWNER-USER / ADAPTIVE REUSE OPPORTUNITY Own one of downtown Olympia's most recognizable historic commercial landmarks. Prominently located on a .17-acre corner lot directly across from City Hall, within Olympia's Historic Creative District and a federally designated Opportunity Zone, 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, the building has served Olympia through multiple eras, including auto dealerships, retail, and most recently a restaurant/bar. The flexible layout includes approximately 6,136 SF of restaurant/hospitality 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 substantial restaurant infrastructure. Beyond hospitality use, the property offers potential for creative office, retail, entertainment, events, brewery/tasting room, hospitality, showroom, or other adaptive-reuse concepts, subject to applicable approvals. A rare opportunity for an owner-user, investor, hospitality operator, or developer to acquire a signature piece of downtown Olympia history with significant long-term potential.
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Additional Information
- Community
- Olympia
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1927
- Roof
- Composition, Torch Down
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Ceramic Tile, Concrete, Softwood, Vinyl, Vinyl Plank
- Driving Directions
- From exit 105A follow Plum Street to State Ave, turn left, turn left on Cherry Street NE to destination on your right.
- Electric Expenses
- 7757
- Other Expenses
- 725
- Energy Source
- Electric, Natural Gas
- Water/Sewer/Garbage Expenses
- $2,193
- Vacancy Rate
- 100
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