400 State Ave NE, Olympia, WA 98501

Listing office The Rants Group Show Phone

Listing date Mar 14, 2025

Source Crexi

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Overview

This vacant commercial lot, totaling 0.45 acres, presents significant redevelopment potential in a highly desirable area. The property is zoned Urban Waterfront, allowing for a variety of uses such as retail, multifamily, or mixed-use developments. It is situated within an Opportunity Zone and is adjacent to the Downtown InterCity Transit Station. The lot is easily accessible from Adams Street NE or State Ave NE. A Phase II Environmental Site Assessment has been completed with favorable results.

Suggested Use

Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Storage Facility Garden Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Olympia

County

Thurston

State

Washington

Longitude

-122.897796

Latitude

47.046374

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FAQs

What type of property is this?

Commercial land - Vacant commercial lot with redevelopment potential in desirable area.

Where is this commercial land located?

The property is located at 400 State Ave NE Olympia, WA.

What is the asking price?

The asking price for this property is $1,199,000.

What are key features of this property?

This property features: Significant redevelopment potential in a highly desirable area.; Zoned Urban Waterfront, allowing for retail, multifamily, or mixed‑use development.; Located within an Opportunity Zone.