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    OFF-MARKET
    Retail properties & Spaces

    208 State Ave, Olympia, WA 98501

    39,584 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property located at 208 State Avenue in Olympia, Thurston County, Washington presents a unique investment opportunity. The property encompasses a substantial 39,584 square feet of retail space, currently configured as a single-tenant building. The building's previous occupant was a candy production facility, offering a versatile layout adaptable to a variety of retail uses. The space is ideally suited for businesses such as coffee shops, juice bars, or wine retailers, given its existing infrastructure and prime location. Situated on the corner of State and Columbia, this property benefits from high visibility and excellent foot traffic. The lease rate is $3,650 per month, plus utilities. The property is classified as both Retail and Land, offering significant potential for future development or expansion. The single-suite configuration provides a streamlined operational environment for a single tenant. This is a rare opportunity to acquire a substantial retail space in a desirable location within Olympia's thriving commercial district. The property's size and location make it an attractive proposition for businesses seeking a prominent presence in the heart of the city. The existing build-out offers a significant advantage for prospective tenants, reducing initial setup costs and allowing for a quicker start to operations. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 39,584 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Row Restaurant
    • Clínica de St Peter Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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