518 5th SE Ave, Olympia, WA 98501-6902
This exceptional 0.19-acre commercial land parcel presents a unique investment opportunity in Olympia's vibrant downtown business district. Located at 518 5th Ave SE, this property boasts a highly desirable corner lot configuration, offering excellent visibility and accessibility. Its strategic location places it directly across the street from Olympia City Hall, ensuring high foot traffic and prominent exposure. The property is zoned Downtown Business, providing flexibility for a variety of commercial uses. The sale includes an adjacent alley parcel, adding further value and potential development options. With an asking price of $680,000 and Thurston County APN 78505400500, this is a rare chance to acquire a prime piece of real estate in a thriving urban core. The property's central location offers easy access to numerous amenities, businesses, and transportation routes, making it an ideal site for a variety of commercial ventures. Don't miss this opportunity to secure a piece of Olympia's dynamic downtown landscape.
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Olympia Auto Source Car Dealership
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.