Listing Agency: Coldwell Banker/Evergreen Show Phone

Listed By: Deborah Draper-Aikins Show Phone

Source: Moodyscre

Added: Sep 22, 2025 Changed: Jul 6 Last Checked: Jul 21 at 6:54AM

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Investment Insights

Based on property information with market context.

This 1981-square-foot retail space is located across the street from a popular restaurant. The space is currently built out as a spa/salon, offering great views and benefiting from substantial foot traffic.

Key Highlights

• Incredible location across the street from popular Row restaurant.
• High foot traffic area.
• Great views.

Property Analytics

Property Profile

Current Use

The Madrone Apartment Building

Suggested Use

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

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

Lease Details

NNN (Triple Net)

Lease Type

$4.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,200

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Olympia, WA

$18.25 /SF/Yr

Avg Asking Price

$13–$26 /SF/Yr

Price Range

2,723 SF

Avg Space Size

This space is priced 75% above the average of $18.25 /SF/Yr.

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space with great views and high foot traffic.

Where is this retail space located?

The property is located at 120 Water St NW Olympia, WA.

What is the lease rate?

The lease rate is $32 SF/Yr.

What are key features of this property?

This property features: Incredible location across the street from popular Row restaurant.; High foot traffic area.; Great views.