Turnkey Standalone Restaurant
2005 Ascension Ave NW, Olympia, WA 98502
For Sale
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Standalone, two-story restaurant building built in 1904, operating and licensed for immediate use on a single-tenant site.
Property Size1,620 SF
Lot Size0.18 Acres
Price / SF$432.10
Days on Market226
Property Features for 2005 Ascension Ave NW
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Business Included
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Greene Commercial
Listed By:
Quint Newell · License WA #113575
(360) 688-8333
Source:
Crexi
Added: Mar 30
Changed: Oct 25
Last Checked: Nov 10 at 8:16AM
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 Greene Commercial
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Investment Insights
Based on property information with market context.
This standalone, two-story restaurant building totals 1,620 square feet and was originally constructed in 1904. The property is presented as turnkey, with an operating and licensed restaurant business ready for immediate use by new operators. The building is configured as a single-tenant facility and sits on a 0.18-acre lot.
Located at 2005 Ascension Ave NW in Olympia, the property is situated at the intersection of Ascension and Division. Public remarks note the space previously served as the location for La Petite Maison, and the building is classified for retail mixed use.
For buyers evaluating purchase options, remarks indicate financing may include cash-out, conventional, or SBA loans. All details provided should be confirmed during diligence.
Located at 2005 Ascension Ave NW in Olympia, the property is situated at the intersection of Ascension and Division. Public remarks note the space previously served as the location for La Petite Maison, and the building is classified for retail mixed use.
For buyers evaluating purchase options, remarks indicate financing may include cash-out, conventional, or SBA loans. All details provided should be confirmed during diligence.
Key Highlights
- Standalone, single‑tenant restaurant building totaling 1,620 SF
- Two‑story structure originally built in 1904
- 0.18‑acre lot at the intersection of Ascension and Division
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 98502, WA
35,698
Population
15,550
Households
2.3
Avg Household Size
41
Median Age
52%
College-Educated
97%
High-School Grad
63.4 sq mi
ZIP Area
563
Density / Sq Mi
$87,154
Median Household Income
$46,404
Median Earnings
$1,569
Median Rent
$496,500
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Standalone, two-story restaurant building built in 1904, operating and licensed for immediate use on a single-tenant site.
Where is this conventional restaurant located?
The property is located at 2005 Ascension Ave NW Olympia, WA.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Standalone, single‑tenant restaurant building totaling 1,620 SF; Two‑story structure originally built in 1904; 0.18‑acre lot at the intersection of Ascension and Division
