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Downtown Olympia Retail Space Available
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510 State Ave NE, Olympia, WA

Retail spaces available in downtown Olympia with high visibility.

Space Size1,550 SF - 2,073 SF
Lot Size1.68 Acres
Days on Market1645

Property Features for 510 State Ave NE

General Information

Standard status Active
Size 1,550 SF - 2,073 SF
Lot size 1.68 Acres
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 510 State Ave NE Contact us

Westman Mill $20/SF/Yr

Size 2,073 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE
Sublease No
WESTMAN MILL has great visibility on State Ave. in downtown Olympia. Located in front of Children's Hands on Museum that has over 300,000 visitors each year. Blocks away from two thriving marinas, City Hall, Farmer's Market and Percival Boardwalk. Retail tenants will also benefit from residents in the 85 units on the 4 floors above. Outdoor seating will be available on East end of the building. There are two suites that are available. One is 1550 & one is 2000. Generous Tenant Improvement allowance. Floorplan is attached. Tax iD #: 66130000411; 66130000414; 66130000415
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Westman Mill $20/SF/Yr

Size 1,550 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE
Sublease No
WESTMAN MILL has great visibility on State Ave. in downtown Olympia. Located in front of Children's Hands on Museum that has over 300,000 visitors each year. Blocks away from two thriving marinas, City Hall, Farmer's Market and Percival Boardwalk. Retail tenants will also benefit from residents in the 85 units on the 4 floors above. Outdoor seating will be available on both ends of the building. There are two suites that are close to move in ready, one is 1230 square feet and one is 1550. Floorplan is attached. Tax iD #: 66130000411; 66130000414; 66130000415
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Listing Agency: Coldwell Banker/Evergreen
Listed By: Deborah Draper-Aikins
Source: Moodyscre
Added: Apr 11, 2022 Changed: Sep 29 Last Checked: Oct 10 at 1:42PM

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.

Located on State Avenue in downtown Olympia, the Westman Mill property offers retail spaces with high visibility. The property is situated in front of the Children's Hands On Museum, which attracts over 300,000 visitors annually. It is also located blocks away from two marinas, City Hall, the Farmer's Market, and the Percival Boardwalk. Retail tenants will benefit from the 85 residential units located on the four floors above. Outdoor seating will be available on both ends of the building. Two suites are close to move-in ready, one measuring 1230 square feet and the other 1550 square feet. The tax ID numbers for the property are 66130000411, 66130000414, and 66130000415.

Key Highlights

  • High visibility location on State Ave. in downtown Olympia.
  • Located in front of the Children's Hands On Museum (over 300,000 visitors annually).
  • 85 residential units located on the 4 floors above the retail space.

Property Analytics

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Current Use

Hillary Allen-Kissick, MD Pediatrician Westman Mills Apartment Building Sofie's Scoops Gelateria ... Grocery & Convenience Store Kinwell Primary Care ... Medical Clinic

Suggested Use

Top Pick Auto Parts Store Pharmacy HVAC Service Electrical Service (Bike/Boat/Book/etc) Store 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

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,778
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail spaces available in downtown Olympia with high visibility.
Where is this retail space located?
The property is located at 510 State Ave NE Olympia, WA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: High visibility location on State Ave. in downtown Olympia.; Located in front of the Children's Hands On Museum (over 300,000 visitors annually).; 85 residential units located on the 4 floors above the retail space.
(360) 791-3869 Call to check price and availability
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