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Property profile & analytics
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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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