509 E 4th Avenue Olympia, WA 98501
13,657 SF building with showroom, storage, and redevelopment options.
Type:Retail
Property size:
13,657 SFLot size:
0.48 Acres- Added:
- Mar 5, 2026
- Days on Market:
- 27
- Last Refresh:
- Mar 25 at 9:07 pm
Property Features for 509 E 4th Avenue
General Information
- Standard status
- Active
- Size
- 13,657 SF
- Lot size
- 0.48 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1925
Listing agent Debbie Draper-Aikins
Listing office (360) 791-3869
Listing date Mar 5, 2026
Source Cbcworldwide
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 Debbie Draper-Aikins
Overview
Versatile Building with Redevelopment Potential
This 13,657 square foot building presents multiple opportunities. Currently, the property features a 4,900 square foot showroom with a restroom, complemented by two 1,200 square foot storage areas at the rear. A 6,000 square foot space, fronting Jefferson Street, is leased to Ballet NW until May 2027 for $76,000 annually, in addition to property tax and utilities. The seller is open to dividing the building into two separate spaces. The front portion, comprising the 4,900 square foot showroom on 4th Avenue and the two 1,200 square foot storage areas, is available. The 6,000 square foot section leased to NW Ballet on Jefferson is also available for purchase separately. The seller has renderings available for a new live-work development plan featuring five units fronting 4th Avenue. The property is situated across the street from Well 80. Additionally, the 4,900 square foot retail space is available for lease at $10.00 NNN. The property is situated on a 0.48-acre lot.
Location Intelligence
Current Use by Public Records
Showrooms
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.909
- Latitude
- 47.0191
Nearby Similar for Sale
FAQs
What type of property is this?
Showroom - 13,657 SF building with showroom, storage, and redevelopment options.
Where is this showroom located?
The property is located at 509 E 4th Avenue Olympia, WA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Substantial 13,657 SF building with multiple possibilities.; Existing lease with Ballet NW generating $76K annual income (plus property tax and utilities) until 5/27.; Option to purchase either the 4,900 SF front retail space with two 1,200 SF storage areas, or the 6,000 SF leased portion separately.
