112 Cherry Street NE, Olympia, WA 98501
- $1,175,000
Listing courtesy of Van Dorm Realty, Inc.
- List Price
- $1,175,000
- Status
- ACTIVE
- MLS#
- 2455211
- Price Change
- ▼ $50,000 1780186448
- Days on Market
- 230
- Annual Tax Ammount
- 13824
- Internet Provider
- Xfinity
Property Description
Prime downtown Olympia location! This 5,867 SF steel-reinforced concrete building (built in 1920) sits on a 0.14-acre lot and has over 25 years of successful restaurant history. Zoned Retail-Food Downtown Business, the building features large street and alley facing windows, a flexible 50/50 dining and bar layout with skylit dining area with remote solar shades. The large kitchen features two vent hoods, dishwasher area with room for walk-in cooler. The spacious bar with alley facing widows, beverage center and ice bin room. There's a private banquet/VIP room in back with separate alley side entrance. Two HVAC systems and security system. Excellent owner-user or investment opportunity in a high-traffic, established hospitality corridor.
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Additional Information
- Community
- Olympia
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1920
- Roof
- Composition, Torch Down
- Tax Year
- 2025
- Potential Terms
- Cash, Lease Purchase
- Flooring
- Ceramic Tile, Concrete, Vinyl
- Driving Directions
- From exit 105A follow Plum Street to State Ave, turn left, turn left on Cherry Street NE to destination on your left.
- Electric Expenses
- 1660
- Energy Source
- Electric, Natural Gas
- Water/Sewer/Garbage Expenses
- $1,722
- Vacancy Rate
- 100
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