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Mixed-Use Building with 8 Tenants
For Sale
$2,200,000

302 304 4th Ave E, Olympia, WA 98501

Occupied tenant mix includes street retail, artist lofts, music studios, and office uses.

Property SizeContact for details
Days on Market32

Property Features for 302 304 4th Ave E

General Information

Standard status Active

Site & Location

Frontage 180 ft
Corner Location Yes

Additional Details

Opportunity Zone Yes

Building Details

Year Built 1928
Buildings 1
Tenancy Multi
Listing Agency: John L. Scott, Inc
Listed By: Terry Vo · License #30571
Source: Hanshagmeier
Added: Jul 30 Changed: Aug 28 Last Checked: Aug 29 at 12:35PM

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 John L. Scott, Inc

Investment Insights

Based on property information with market context.

Built in 1928, this mixed-use commercial building at 302 304 4th Ave E in Olympia accommodates eight established tenants across several commercial and creative formats. The property includes street-level retail, artist lofts, music studios, and office space, creating a varied operating profile within one building.

The building occupies the corner of 4th Avenue and Franklin Street, with approximately 180 feet of frontage. Metered street parking serves the property, and a public parking lot is located directly across the street. The site is less than one mile from the Washington State Capitol Campus and sits within a federally designated Opportunity Zone. Restaurants, retail, entertainment, and other downtown activity surround the property.

Key Highlights

  • Eight established tenants occupy retail, artist loft, music studio, and office spaces
  • Approximately 180 feet of frontage at 4th Avenue and Franklin Street
  • Built in 1928

Property Analytics

Current Use

Dumpster Values Clothing Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,200
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?
Mixed-use property - Occupied tenant mix includes street retail, artist lofts, music studios, and office uses.
Where is this mixed-use property located?
The property is located at 302 304 4th Ave E Olympia, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Eight established tenants occupy retail, artist loft, music studio, and office spaces; Approximately 180 feet of frontage at 4th Avenue and Franklin Street; Built in 1928
More about this property
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