Downtown Office
For Sale
Contact for pricing
521 Capitol Way S, Olympia, WA 98501
Vacant commercial property with on-site parking and views toward Capitol Lake.
Property SizeContact for details
Days on Market143
Property Features for 521 Capitol Way S
General Information
Standard status
Active
Property subtype
Office
Additional Details
Asking Price
$3,250,000
Corner Location
Yes
Amenities
stunning views of Capitol Lake
on-site parking
Listing Agency:
Prime Locations
(360) 943-9922
Listed By:
Zach Kosturos · License #WA 98501
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 5:22PM
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 Prime Locations
Investment Insights
Based on property information with market context.
This vacant office property occupies just over half an acre in downtown Olympia. The site includes on-site parking and sits along Capitol Way S, providing a prominent position on a principal downtown thoroughfare. Views toward Capitol Lake add a distinctive setting for the property.
The location provides access to nearby amenities, government buildings, and the waterfront. The property is offered for sale and may support office, retail, or mixed-use redevelopment, as identified in the listing information.
The location provides access to nearby amenities, government buildings, and the waterfront. The property is offered for sale and may support office, retail, or mixed-use redevelopment, as identified in the listing information.
Key Highlights
- Just over half an acre in downtown Olympia
- Vacant office property with on‑site parking
- Views of Capitol Lake
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,620
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Vacant commercial property with on-site parking and views toward Capitol Lake.
Where is this office building located?
The property is located at 521 Capitol Way S Olympia, WA.
What are key features of this property?
This property features: Just over half an acre in downtown Olympia; Vacant office property with on‑site parking; Views of Capitol Lake
