Downtown Corner Retail
For Sale
$995,000
501 Capitol, Olympia, WA 98501
Multi-tenant corner retail building with main-floor retail space and additional upstairs area, featuring newly installed HVAC.
Property Size8,672 SF
Price / SF$114.74
Days on Market282
Property Features for 501 Capitol
General Information
Standard status
Active
Size
8,672 SF
Property subtype
Commercial
Building Details
Year Built
1937
Stories
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Evergreen
Listed By:
Debbie Draper
(253) 604-6000
Source:
Skylineproperties
Added: Nov 17, 2025
Changed: Aug 25
Last Checked: Aug 25 at 9:16AM
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 Coldwell Banker Evergreen
Investment Insights
Based on property information with market context.
This downtown corner retail building is offered for sale for the first time. The property includes approximately 7,072 square feet of main-floor retail space and an additional 1,600 square feet upstairs. Current tenants include Escape Puzzle Room, Harlequin Productions, and a Super Silver Jewelry store. Tenants are month to month. A new HVAC system has been installed.
The property is located at the corner of 5th and Capitol in downtown Olympia, providing a prominent street-corner retail presence.
With both main-level and upstairs space, the building supports multiple uses under separate tenant operations while maintaining a cohesive retail storefront environment.
The property is located at the corner of 5th and Capitol in downtown Olympia, providing a prominent street-corner retail presence.
With both main-level and upstairs space, the building supports multiple uses under separate tenant operations while maintaining a cohesive retail storefront environment.
Key Highlights
- Corner retail building at 5th and Capitol in downtown Olympia
- Year built 1937 with multi‑tenant layout
- Includes 7,072 sq ft of main‑floor retail space and 1,600 sq ft upstairs area
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant corner retail building with main-floor retail space and additional upstairs area, featuring newly installed HVAC.
Where is this retail space located?
The property is located at 501 Capitol Olympia, WA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Corner retail building at 5th and Capitol in downtown Olympia; Year built 1937 with multi‑tenant layout; Includes 7,072 sq ft of main‑floor retail space and 1,600 sq ft upstairs area
