Retail Suites with Outdoor
For Lease
Contact for pricing
510 State Ave NE, Olympia, WA 98501
Two retail suites are available in a downtown Olympia building with outdoor seating at the east end.
Property Size1,550 SF - 2,000 SF
Days on Market1575
Property Features for 510 State Ave NE
General Information
Standard status
Active
Size
1,550 SF - 2,000 SF
Net Rentable
1,550 SF
Property subtype
RETAIL
Lease Type
SF/yr
Additional Details
Available Space
1,550-2,000 SF
Amenities
outdoor seating
Listing Agency:
Coldwell Banker/Evergreen
(360) 791-3869
Listed By:
Deborah Draper-Aikins
(360) 791-3869
Source:
Moodyscre
Added: Apr 11, 2022
Changed: Jul 30
Last Checked: Aug 1 at 10:29AM
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.
Westman Mill offers retail suites with strong visibility on State Ave in downtown Olympia. The building sits in front of Children’s Hands on Museum, which has over 300,000 visitors each year, with City Hall, the Farmer’s Market, Percival Boardwalk, and two nearby marinas within walking distance.
Retail tenants benefit from the residential community above, with 85 units on the four floors above. Outdoor seating will be available on the east end of the building, supporting dining or retail activation in the streetscape.
Two suites are available: one at 1,550 SF and one at 2,000 SF. A generous tenant improvement allowance is available, and a floorplan is attached for review. The property is identified by Tax ID numbers 66130000411, 66130000414, and 66130000415.
Retail tenants benefit from the residential community above, with 85 units on the four floors above. Outdoor seating will be available on the east end of the building, supporting dining or retail activation in the streetscape.
Two suites are available: one at 1,550 SF and one at 2,000 SF. A generous tenant improvement allowance is available, and a floorplan is attached for review. The property is identified by Tax ID numbers 66130000411, 66130000414, and 66130000415.
Key Highlights
- Visibility on State Ave in downtown Olympia
- In front of Children’s Hands on Museum with 300,000+ visitors each year
- Two retail suites available: 1,550 SF and 2,000 SF
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,778
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
Lease Benchmarks for Olympia, WA
$18.25 /SF/Yr
Avg Asking Price
$13–$26 /SF/Yr
Price Range
2,723 SF
Avg Space Size
This space is priced 10% above the average of $18.25 /SF/Yr.
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Two retail suites are available in a downtown Olympia building with outdoor seating at the east end.
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: Visibility on State Ave in downtown Olympia; In front of Children’s Hands on Museum with 300,000+ visitors each year; Two retail suites available: 1,550 SF and 2,000 SF
