520 4th Avenue E, Olympia, WA 98501

Listing Broker: Century 21 Van Dorm Realty; Michael T. Smith; 360-790-7970; michael@smithcastleproperties.com

$1,495,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,495,000
Status
ACTIVE
Days on Market
293
Price Change
▼ $100,000 1788987945
MLS#
2455186
Subtype
Commercial Sale
Style
60 - Comm Bldg Und 10K
Year Built
1927
Lot Size
7,405
Acres
0.17
Subdivision
Olympia
Neighborhood
Olympia
MLS Area Major
Olympia North

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.

Additional Information

Exterior Features
Cement/Concrete, See Remarks
Property Description
60 - Comm Bldg Und 10K
Flooring
Ceramic Tile, Concrete, Softwood, Vinyl, Vinyl Plank
Heating
Forced Air, Heat Pump
Air Conditioning
Central Air, Forced Air, Heat Pump
Roof
Composition, Torch Down
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks