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Listed by:Century 21 Van Dorm Realty • Michael T. Smith
$1,595,000
Est. payment /mo
7,405 Sqft Lot
Active
520 4th AVE E Olympia, WA 98501
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Listed by:Century 21 Van Dorm Realty • Michael T. Smith
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Olympia
MLS Listing ID 2455186
Style 60 - Comm Bldg Und 10K
Year Built 1927
Annual Tax Amount $16,341
Lot Size 7,405 Sqft
Property Sub-Type Commercial Industrial
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.
Location
State WA
County Thurston
Area 447 - Olympia North
Interior
Flooring Ceramic Tile, Concrete, Softwood, Vinyl, Vinyl Plank
Fireplace false
Exterior
Exterior Feature Cement/Concrete, See Remarks
Roof Type Composition,Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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