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Listing Firm: Coldwell Banker Evergreen: Debbie Draper

Active
NWMLS # 2327855
  • - Beds
  • - Baths
  • - Sq.ft.

509 4th Avenue E, Olympia, WA 98501

Listings with the three tree icon are courtesy of NWMLS

About This Property

This 13,657 SF building on 4th has so many possibilities. Currently there is a 4900sq ft show room with one restroom and two 1200sq ft storage areas in the back. Ballet NW leases the 6,000 SF that fronts on Jefferson until 5/27 for $76K per year (plus property tax and utilities). The seller is willing to divide the building into two spaces and will sell the front 4900 SF on 4th plus the two 1200sq ft storage areas for $899,000. The 6000 sq ft portion leased to NW Ballet on Jefferson can be purchased for $815,000. Seller has renderings for a new live-work plan for 5 units that would front on 4th Ave, Across the street from Well 80. See Attachment for drawings. 4900 sq ft of retail space also available for lease for $12.00 NNN.

Aris360 Last Checked: 1 Minute Ago (Jun 01, 2025 11:30 AM)

  • Source: NWMLS as Distributed by MLS Grid #2327855

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 4th
  • Zip/Postal Code: 98501
  • City: Olympia

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$3,847 per month
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Property Features

  • County
    • Olympia
  • Community
    • 447 - Olympia North
  • MLS Area
    • 447 - Olympia North
  • Longitude
    • -122.896276
  • Latitude
    • 47.045105
  • Directions
    • North on Capitol Blvd., Right on 4th to property on the right.

  • Interior
    • Concrete
  • Floors
    • Concrete
    • Other
  • Power Production Type
    • Electric
    • Natural Gas

  • Style
    • 61 - Comm Bldg Ovr 10K
  • Foundation
    • Slab,
  • Elevation
    • Feet
  • Exterior
    • Brick
  • Roof
    • Torch Down,
  • Water
    • City
  • Building Total Area (Sq. Ft.)
    • 13771

  • Possession
    • Tenant's Rights,
  • Property Type
    • Commercial Sale
  • Property SubType
    • Commercial Industrial
  • Structure Type
    • Land,
  • Year Built
    • 1925
  • Effective Year Built
    • 1925
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jun 01 2025 . 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.

Jun 01, 2025 11:30 AM