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JRJeff ReynoldsCompass · Seattle
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Listed by Hyun Rim, Keller Williams South Sound

Commercial Industrial
Type
1976
Year built
38,188 sq ft
Lot
0
Days on market

About this property

Discover a rare investment opportunity with this versatile 16,076 SF two-story office building, ideally positioned on a high-visibility corner lot with prime commercial arterial frontage. The property offers convenient access to I-5 (both northbound and southbound), abundant on-site parking, and strong street exposure—making it a compelling choice for a wide range of commercial users. The flexible floor plan is well-suited for conversion into a realtor's office, professional suites for legal or accounting practices, or similar business uses. Currently, three of the six office units are leased, providing immediate income with room for lease-up upside. The building also features two full kitchens and two restrooms, adding practical value for tenants. This is an excellent opportunity for investors seeking a stable, income-producing asset with strong long-term appreciation potential in a highly desirable location. Opportunity knocks—schedule your tour today.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2571859
Listed
August 26, 2026
Days on market
0

Parking

Total spaces
62

Construction

Year built
1976
Style
61 - Comm Bldg Ovr 10K
Structure
Unspecified
Roof
Flat

Heating & cooling

Heating
Heat Pump
Cooling
Heat Pump
Energy source
ElectricNatural Gas

Flooring

Flooring
LaminateVinylCarpet

Lot

Lot size
38,188 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
City of Olympia
Sewer
City of Olympia
Power
Puget Sound Energy

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Unspecified
  • Flat
  • Heat Pump
  • Electric
  • Natural Gas
  • Laminate
  • Vinyl
  • Carpet
  • Cash
  • Conventional

Listing history

  1. Listed

    $2,500,000

    August 26, 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

$14,558

Principal & interest
$12,641
Property tax (est.)
$1,917

Assumes $500,000 down (20%), a $2,000,000 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.

Similar nearby listings

Based on information submitted to the MLS GRID as of August 26, 2026 at 4:00 PM 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.