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Two-Story Office Building
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1007 WASHINGTON ST SE, Olympia, WA 98501

Commercial office property with a two-story configuration and established institutional use.

Property Size14,580 SF
Lot Size0.34 Acres
Price / SF$30.86
Days on Market25

Property Features for 1007 WASHINGTON ST SE

General Information

Standard status Active
Size 14,580 SF
Lot size 0.34 Acres
Property subtype Office, Special Purpose
Zoning CAP

Building Details

Year Built 1959
Buildings 1
Stories 2
Units 1
Building Size 14,580 SF
Listing Agency: GovDeals
Listed By: Angela Jones · License #IL
Source: Crexi
Added: Aug 7 Changed: Aug 29 Last Checked: Aug 30 at 6:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GovDeals

Investment Insights

Based on property information with market context.

This office building contains 14,580 square feet across two stories on a 0.34-acre parcel. Constructed as a commercial-class structure, the property was occupied by state agencies from its inception and is offered in its existing condition.

The property is located at 1007 Washington Street SE in Olympia, Washington. It carries CAP zoning and is being offered through an online public auction. A letter of intent is required to bid.

Key Highlights

  • 14,580‑square‑foot office building on 0.34 acres
  • Two‑story commercial‑class structure
  • CAP zoning

Property Analytics

Current Use

Covenant Insurance Agency Windmill Town Remediation Hardware & Home Improvement

Suggested Use

Top Pick Pharmacy Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Electrical Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,694
Businesses Nearby

Demographics for 98501, WA

45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Commercial office property with a two-story configuration and established institutional use.
Where is this office building located?
The property is located at 1007 WASHINGTON ST SE Olympia, WA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 14,580‑square‑foot office building on 0.34 acres; Two‑story commercial‑class structure; CAP zoning
More about this property
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