Storefront with New
For Sale
$995,000
501 S Capitol Way, Olympia, WA 98501
Two-level retail building with month-to-month tenant leases and new HVAC.
Property Size8,672 SF
Price / SF$114.74
Days on Market34
Property Features for 501 S Capitol Way
General Information
Standard status
Active
Size
8,672 SF
Additional Details
Corner Location
Yes
Amenities
New HVAC
Building Details
Year Built
1937
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Evergreen
(360) 352-7651
Listed By:
Debbie Draper
Source:
Katrinahalterman
Added: Jul 27
Changed: Aug 29
Last Checked: Aug 25 at 4:57AM
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 two-level storefront property contains 7,072 sq ft on the main floor and 1,600 sf ft upstairs. Built in 1937, the building has new HVAC and is occupied by Escape Puzzle Room, Harlequin Productions, and Super Silver Jewelry store. Each tenancy is month to month.
The property is positioned at the intersection of 5th and Capitol in downtown Olympia, placing the storefront within the city’s downtown setting. Its combination of substantial ground-floor area, upper-level space, established occupants, and flexible lease terms provides a clear overview of the existing configuration.
The property is positioned at the intersection of 5th and Capitol in downtown Olympia, placing the storefront within the city’s downtown setting. Its combination of substantial ground-floor area, upper-level space, established occupants, and flexible lease terms provides a clear overview of the existing configuration.
Key Highlights
- 7,072 sq ft on the main floor
- 1,600 sf ft of upstairs space
- Three current tenants: Escape Puzzle Room, Harlequin Productions, and Super Silver Jewelry store
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,620
Businesses Nearby
Well-served
Demand for This Use
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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Similar Off Market Nearby
- Capitol Florist — 515 Capitol Way S, Olympia, WA 98501
- Phloxus Farms — 116 Legion Way SE, Olympia, WA 98501
- Fleurae — 222 Capitol Way N, Olympia, WA 98501
Frequently Asked Questions
What type of property is this?
Storefront property - Two-level retail building with month-to-month tenant leases and new HVAC.
Where is this storefront property located?
The property is located at 501 S Capitol Way 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: 7,072 sq ft on the main floor; 1,600 sf ft of upstairs space; Three current tenants: Escape Puzzle Room, Harlequin Productions, and Super Silver Jewelry store
