118 Cherry St Olympia, WA 98501
- Retail properties
- 6,502 SF
- 0.15 lot acres
Current Use by Public Records
- Rocket Restorations / Auto Restoration Service
Property Details for 118 Cherry St
- Year built
- 1923
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.15 lot acres
- Property size
- 6,502 SF
- Property type
- Retail properties
- APN
- 7820-04-00100
- APU
- 78200400100
Description
Discover the Spoon Building, a meticulously renovated 6,502 square foot mixed-use property located at 118 Cherry St NE, Olympia, WA 98501. This single-story, 1923 building underwent a complete renovation in 2024, presenting a blank canvas for a variety of commercial ventures. The property boasts a prime location in Olympia's Downtown Business District (DB zoning), benefiting from high visibility and traffic counts on 4th Ave and State Ave. With separate entrances and a warehouse/garage door bay, the space is highly versatile, suitable for single or multi-tenant occupancy. Imagine a restaurant, brewery, or a combination of retail, office, and dining spaces. The 0.15-acre lot offers ample space, and the building features one dock-high door. The asking price is $995,000. Currently vacant, the property is ready for immediate occupancy starting July 8, 2024. This redevelopment opportunity presents a unique blend of location, flexibility, and potential for significant return on investment. The property's Class B designation reflects its recent renovation and modern appeal. This is an exceptional chance to establish a thriving business in a vibrant downtown setting. The property's APN is 78200400100.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.895
- Latitude
- 47.046
- CBSA code
- 36500
- CBSA name
- OLYMPIA, WA METROPOLITAN STATISTICAL AREA
