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    Iconic Tavern with Apartments Above Title is generated by Realmo AI

    210 4th Ave E, Olympia, WA

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    Tavern with commercial kitchen and 12 apartments above.

    Type:RETAIL
    Property size:
    10,800 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $168/SF
    Added:
    Nov 28, 2025
    Days on Market:
    200
    Last Refresh:
    Apr 5 at 8:06 pm

    Property Features for 210 4th Ave E

    General Information

    Standard status
    Active
    Size
    10,800 SF
    Lot size
    0.12 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Deborah Draper-Aikins

    Listing agent Deborah Draper-Aikins

    Listing office Coldwell Banker/Evergreen

    Listing date Nov 28, 2025

    Source Moodyscre

    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 Coldwell Banker/Evergreen

    HighLights

    • Established tavern with potential to revive as a live music and dancing venue.
    • Includes a large bar and commercial kitchen.
    • Features 12 apartments above the tavern, providing rental income.
    • Rental income ranges from $650 to $1400 per apartment.
    • Offers a covered alley space.
    • Two apartments have been recently remodeled.

    Overview

    This property features a tavern with a commercial kitchen, a large bar, a covered alley space, and a large area suitable for live music and dancing. Above the tavern are 12 apartments with rents ranging from $650 to $1400. Two of the apartments have been recently remodeled. The property has a size of 10800 square feet. The property was a popular venue for live music and dancing and could potentially be again.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $259.2k $24.00
    − Vacancy −$13.0k −$1.20
    EGI $246.2k $22.80
    − OpEx −$110.8k −$10.26
    NOI $135.4k $12.54
    10,800 SF · lease $24.00/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.93M
    $1.69M – $2.26M (±1% cap)
    NOI $135,432 @ 7.0% cap · market cap 7.42%
    Second Best
    Retail
    $1.86M
    $1.63M – $2.17M (±1% cap)
    NOI $130,365 @ 7.0% cap · market cap 7.14%
    Theoretical Best
    Office A
    $3.16M
    $2.77M – $3.69M (±1% cap)
    NOI $221,357 @ 7.0% cap · market cap 12.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Antique Junkie Home Decor Store Moclips Barbershop Barber Shop Rhythms Coffee Cafe & Coffee Shop 4th Ave Tavern Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coffee Central — 925 plum st se, olympia, wa 98501
    • CELINE — Olympia, WA 98504
    • Plum Street Espresso — 1018 Plum St SE, Olympia, WA 98501
    • Swing Wine Bar — 825 Columbia St SW, Olympia, WA 98501
    • Capitol Dome Deli — 416 Sid Snyder Ave SW, Olympia, WA 98501

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.9
    Latitude
    47.0453

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    FAQs

    What type of property is this?
    Bar & Pub - Tavern with commercial kitchen and 12 apartments above.
    Where is this bar & pub located?
    The property is located at 210 4th Ave E Olympia, WA.
    What is the asking price?
    The asking price for this property is $1,825,000.
    What are key features of this property?
    This property features: Established tavern with potential to revive as a live music and dancing venue.; Includes a large bar and commercial kitchen.; Features 12 apartments above the tavern, providing rental income.
    (360) 791-3869 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Deborah Draper-Aikins
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