Listed by David Li, WeLakeside
- Commercial Industrial
- Type
- 1946
- Year built
- 6,098 sq ft
- Lot
- 533
- Days on market
About this property
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.
Jeff's Neighborhood Guide
Get to know the Olympia North area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2518287
- Listed
- May 5, 2026
- Days on market
- 533 (includes a prior listing period)
Construction
- Year built
- 1946
- Style
- 70 - Industrial
- Structure
- Industrial
Heating & cooling
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Energy source
- Electric
Flooring
- Flooring
- Concrete
Lot
- Lot size
- 6,098 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Public
- Sewer
- Sewer Connected
What stands out to you?
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- Industrial
- Heat Pump
- Electric
- Concrete
- Cash
- Conventional
- Public
- Sewer Connected
Listing history
Listed
$736,000
May 5, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$4,286
- Principal & interest
- $3,722
- Property tax (est.)
- $564
Assumes $147,200 down (20%), a $588,800 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 8:00 AM PDT. 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.