$2,200,000
302 304 4th Avenue E, Olympia, WA 98501
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MLS #2550358 / Listing provided by NWMLS & John L. Scott, Inc.

$2,200,000

302 304 4th Avenue E
Olympia, WA 98501

Active 21 hours ago
1928
Year Built

Exceptional investment opportunity in the heart of Downtown Olympia's Creative District. This historic mixed-use commercial building is occupied with eight established tenants, providing a diversified income stream from street-level retail, artist lofts, music studios, and office space. Located on the prominent corner of 4th Avenue and Franklin Street, the property offers approximately 180 feet of high-visibility frontage with strong pedestrian and vehicle traffic, metered street parking, and a public parking lot directly across the street. Less than one mile from the Washington State Capitol Campus, the property benefits from a strong daytime workforce, surrounding restaurants, retail, entertainment, and continued downtown revitalization. Situated within a federally designated Opportunity Zone, this asset offers potential tax advantages for qualified investors and significant long-term upside through rental growth, capital improvements, repositioning, or future redevelopment, subject to buyer verification.The established tenant mix has created a vibrant destination within Downtown Olympia while providing stable occupancy and consistent cash flow. A rare opportunity to acquire a well-positioned commercial asset with exceptional visibility, strong in-place income, and outstanding long-term investment potential in one of Olympia's premier commercial corridors. Ideal for investors seeking a stable asset with future appreciation potential in a highly desirable downtown location.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: Yes
Exterior Features

Parking

  • Parking Total: 0

Structure

  • Roof: Torch Down
  • Exterior Features: Stucco
  • Foundation: Slab

Lot Details

  • Acres: 0.1128
  • Foundation: Slab
Area Features

Lot Details

  • Acres: 0.1128
  • Foundation: Slab
Utilities

Power

  • Energy Source: Electric, Natural Gas
  • Power Company: Puget Sound Energy

Water, Sewer, and Garbage

  • Sewer Company: City of Olympia
  • Sewer: Sewer Connected
  • Water Company: City of Olympia
  • Water Source: Public
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