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    OFF-MARKET
    Automotive properties

    518 5th SE Ave, Olympia, WA 98501-6902

    140 SF 0.19 ac lot Built 1920
    Entity Owned Free & Clear
    Property ID
    US90-1187166
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1920
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 140 SF
    Lot 0.19 ac (8,276 SF)
    APN 7850-54-00500
    UPID US90-1187166
    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
    • Olympia Auto Source Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    City Of Olympia
    City Of Olympia
    since 2025
    3 recorded transactions
    2025
    $680,000
    2010
    2000
    $75,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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