520 4th Avenue E, Olympia, WA 98501

Courtesy of Century 21 Van Dorm Realty

$1,595,000

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List Price
$1,595,000
Status
ACTIVE
Days on Market
254
Price Change
▼ $130,000 1780186448
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

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.

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
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