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    Olympia, WA
    Conventional Restaurant

    Olympia, WA Conventional Restaurants for Sale

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    Tumwater, WA Lacey, WA Shelton, WA Tenino, WA Rochester, WA Anderson Island, WA Allyn, WA Longbranch, WA
    Historic Restaurant Building with Skylit Dining
    Updated: Oct 5, 2025
    Historic Restaurant Building with Skylit Dining

    112 Cherry Street NE, Olympia, WA 98501

    $1,175,000
    5,867 sqft 0.14 AC lot
    5,867 SF steel‑reinforced concrete restaurant building built in 1920 on a 0.14‑acre lot
    Zoned Retail‑Food Downtown Business
    Large street- and alley‑facing windows with skylit dining area and remote solar shades
    Kitchen includes two vent hoods and dishwasher area with room for a walk‑in cooler
    Private banquet/VIP room in back with separate alley‑side entrance
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    This listing looks promising.

    Here's a quick look at some key insights for

    112 Cherry Street NE, Olympia, WA 98501

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    • Est. Cap Rate

      5.4%
      NOI ÷ price

    • Est. NOI

      $64K
      Annual

    • Mortgage

      $1.2M
      Mar 2023

    • Last Sold

      Mar 2013
      $115K

    • Property Type

      Restaurant
      Built 1920
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    Restaurant Building with Commercial Kitchen
    Updated: Jul 22
    Restaurant Building with Commercial Kitchen

    110-9323 Martin Way E, Olympia, WA 98516

    $425,000
    1,200 sqft
    1,200 SF restaurant building with established business included
    Commercial kitchen with Type I hood system
    Walk‑in refrigerator and restaurant equipment included
    Established restaurant operation serving the community for over 20 years
    On‑site parking
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    Ground-Leased Quick-Service Restaurant
    Ground-Leased Quick-Service Restaurant

    1616 Black Lake Boulevard Southwest, Olympia, WA 98502

    Contact for pricing
    6,243 sqft

    Single-tenant quick-service restaurant site leased to Buffalo Wild Wings on a ground lease at a corner location.

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    Turnkey Standalone Restaurant Building
    Turnkey Standalone Restaurant Building

    2005 Ascension Ave NW, Olympia, WA 98502

    Contact for pricing
    1,620 sqft 0.18 AC lot

    Standalone, two-story restaurant building built in 1904, operating and licensed for immediate use on a single-tenant site.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Olympia, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Restaurant Building
    Freestanding Restaurant Building

    9002 Pacific Avenue, Tacoma, WA 98444

    $1,650,000
    6,849 sqft 0.97 AC lot

    Flexible commercial layout includes banquet space, a commercial kitchen, dining areas, offices, and storage.

    View details
    Restaurant with Commercial Kitchen
    Restaurant with Commercial Kitchen

    5212 Capitol Blvd SE, Tumwater, WA 98501

    Contact for pricing
    3,024 sqft

    Restaurant space with a commercial kitchen, bar area, dining area, and customer and staff parking off Capitol Blvd SE.

    View details
    Restaurant Space with Commercial Kitchen
    Restaurant Space with Commercial Kitchen

    2630 S 38th Street, Tacoma, WA 98409

    $250,000

    Restaurant space with booth seating, fully equipped kitchen, walk-in cooler, outdoor seating, and on-site parking in Tacoma.

    View details
    Single-Tenant Foodservice Property
    Single-Tenant Foodservice Property

    710 Trosper Rd SW, Tumwater, WA 98512

    Contact for pricing

    New construction single-tenant smart foodservice investment property available for sale.

    View details

    Olympia, WA Conventional Restaurants Market Trends and Statistics

    Explore 4 conventional restaurants for sale in Olympia, WA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 14,930 square feet of properties for sale, with an estimated market value of $1,600,000.

    Sale prices for conventional restaurants in Olympia, WA start at $425,000, averaging $800,000, and reaching up to $1,175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 4
    Conventional restaurants 4
    Drive through restaurants 3
    Commercial kitchens 1

    Demographics Overview

    Population 241K
    Population Growth (5Y) +8.3%
    Median Household Income $94,198
    College Educated 31.7%

    High-Yield Neighborhoods for Investment

    Identify Olympia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98501 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 0.90%
    Property Tax per SF $10.62 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Olympia fall within the 10,000 to 25,000 square foot range.

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    • 98502
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