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116 NE State Avenue Olympia, WA $ 736,000
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116 NE State Avenue
$ 736,000
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116 NE State Avenue

Olympia, WA, 98501
$ 736,000
Bedrooms-- Baths--

Monthly Estimate*

$ 4,532

Listed by WeLakeside
116 NE State Avenue, Olympia, WA 98501 - Image 1
116 NE State Avenue, Olympia, WA 98501 - Image 2
116 NE State Avenue, Olympia, WA 98501 - Image 3
116 NE State Avenue, Olympia, WA 98501 - Image 4
116 NE State Avenue, Olympia, WA 98501 - Image 5
116 NE State Avenue, Olympia, WA 98501 - Image 6
116 NE State Avenue, Olympia, WA 98501 - Image 7
116 NE State Avenue, Olympia, WA 98501 - Image 8
116 NE State Avenue, Olympia, WA 98501 - Image 9
116 NE State Avenue, Olympia, WA 98501 - Image 10
116 NE State Avenue, Olympia, WA 98501 - Image 11
116 NE State Avenue, Olympia, WA 98501 - Image 12
116 NE State Avenue, Olympia, WA 98501 - Image 13
116 NE State Avenue, Olympia, WA 98501 - Image 14

Commercial Property for sale in Olympia, WA

for $736,000. This building was built in 1946 on a lot size of 0.14.

Prime Downtown Investment Opportunity – Fully Leased Retail with Rare On-Site Parking Located in the heart of downtown Olympia, this fully renovated mixed-use retail property presents a rare opportunity for investors seeking stable cash flow and long-term upside (Great CAP Rate). This 2000+ SF building features two fully leased retail storefronts, generating consistent income with strong tenant demand in a high-visibility location. Recent upgrades include a brand-new roof and interior renovations, significantly reducing near-term capital expenditures and enhancing tenant appeal. Ideal for investors seeking a turnkey, income-producing asset with both stability and future appreciation potential.

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Commercial Active

Price

$ 736,000

Property Type

Commercial

Taxes

$ 3,097

Style

Industrial

Lot Size

0.14

Year Built

1946

Town/City

Olympia

County/Region

Thurston

MLS | Web ID

2518287
Features
General
Living Area 0
Sewer Sewer Connected
Heating Heat Pump
Cooling Heat Pump
Possession Negotiable
HOA Fee 0
Year Built 1946
Property Subtype Commercial Industrial
Tax Year 2024
County Thurston
Insurance Expense 3540
Property Type Commercial Sale
HOA N
Subdivision Name Olympia
Possible Use Commercial
Special Listing Conditions None
Status Active
Directions GPS
City Olympia
Senior Community Y/N N
Zoning Description Commercial
Number Of Units Total 2
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 6098
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 3097
Electric Expense 2000
Fuel Expense 2000
Public Remarks Prime Downtown Investment Opportunity Fully Leased Retail with Rare On-Site Parking Located in the heart of downtown Olympia this fully renovated mixed-use retail property presents a rare opportu
Structure Type Industrial
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 5760
Water Sewer Garbage 1500
Property Style 70 - Industrial
Cap Rate 7.3
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Interior
Flooring Concrete
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 0
Foundation Details Block
Building Area Total 0
Lot Size Acres 0.14
Irrigation Water Rights Y/N N
Lot Number 6
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Internal Only
OriginalMLSID NWM2518287
Street Number 1 116
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* Excluded Features
List By
David Li

Listing Agent

Welakeside

Broker

Affordability Calculator

$4,790
Per Month
95%
5%
0%
Monthly Principal & Interest
$4,532
Monthly Property Taxes
$258
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/6/2026$736,000 Listed Price

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116 NE State Avenue, Olympia, WA, 98501 is a Commercial Property for sale at $736,000 with a lot size of 0.14. 116 NE State Avenue was built in 1946. The property's zip code is 98501 which is in Olympia, WA

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