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Downtown Waterfront Retail Property
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301-303 Capitol Way N, Olympia, WA 98501

Retail building in downtown Olympia with four current tenants and steps from the waterfront and Percival Landing.

Property Size12,120 SF
Price / SF$107.26
Days on Market278

Property Features for 301-303 Capitol Way N

General Information

Standard status Active
Size 12,120 SF
Property subtype RETAIL
Listing Agency: Greene Commercial
Listed By: Spencer Ingrim · License #22008910
Source: Moodyscre
Added: Dec 3, 2025 Changed: Sep 6 Last Checked: Sep 7 at 10:45AM

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

Investment Insights

Based on property information with market context.

This retail property at 301–303 N Capitol Way in downtown Olympia is currently home to four diverse tenants. The building offers an income-producing setup today and also presents an opportunity for redevelopment, depending on an investor’s plans.

The location places the property steps from Percival Landing and along the scenic waterfront, supporting a highly visible downtown setting.

For sale as a single retail investment, the property’s current multi-tenant configuration can be a key consideration for buyers evaluating cash flow and future repositioning.

Key Highlights

  • Retail building at 301 N Capitol Way in downtown Olympia
  • Steps from the waterfront and Percival Landing
  • Currently has four diverse tenants

Property Analytics

Current Use

Retail space

Suggested Use

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

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

1,986
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 Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail building in downtown Olympia with four current tenants and steps from the waterfront and Percival Landing.
Where is this retail space located?
The property is located at 301-303 Capitol Way N Olympia, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Retail building at 301 N Capitol Way in downtown Olympia; Steps from the waterfront and Percival Landing; Currently has four diverse tenants
(360) 701-6439 Call to check price and availability
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