1014 4th E Ave, Olympia, WA 98506-4017
This exceptional 1914 commercial building, located at 1014 E 4th Avenue in Olympia, WA, presents a unique investment opportunity. Situated on a 0-acre lot in a high-traffic area of Olympia, this property boasts a prime location on busy East 4th Avenue. The building has been thoughtfully remodeled and successfully utilized as an office space for many years. Recent upgrades significantly enhance its value and functionality. A brand-new HVAC system was installed in 2024, ensuring optimal climate control. The roof, replaced in 2006 with a 30-year lifespan, provides long-term peace of mind. Accessibility has been improved with a rebuilt ramp, also completed in 2024. Energy efficiency is maximized with the recent installation of new LED lighting. Ample parking is available, with at least eight spaces on the property, supplemented by additional street parking. The building features a usable upstairs area with multiple offices and a restroom. The basement is currently unused, offering potential for future expansion or storage. This versatile property is ideally suited for a variety of commercial uses, including office space or retail. The asking price is $489,000. This is a rare opportunity to acquire a well-maintained, historically significant building in a thriving location. Don't miss out on this chance to own a piece of Olympia's commercial landscape.
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Sullivan Campaign Services Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.