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
- 230
- Annual Tax Ammount
- 13824
- Internet Provider
- Xfinity
Property Description
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.
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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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