704 4th E Ave Olympia, WA 98506-3920
- Turn key restaurants
- 800 SF
- 0.10 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 704 4th E Ave
- Year built
- 1924
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.10 lot acres
- Property size
- 800 SF
- Property type
- Turn key restaurants
- APN
- 7820-12-01000
- APU
- 78201201000
Description
This exceptional 800-square-foot retail property, located at 704 4th Ave E in Olympia, Washington (98506), presents a unique investment opportunity. Currently configured as a bar and restaurant, this single-story building boasts a rich history and charming character. The interior features an original mahogany back bar and cooler, stunning woodwork, and tables and chairs imported from a Welsh tavern. The space includes a small kitchen equipped with a hood, and the front bar is pre-wired for espresso machines and an ice machine. A recently replaced roof (2 years old) ensures peace of mind. The property is zoned DB and has an APN of 78201201000. The asking price is $666,000, translating to $832.50 per square foot. Conveniently located in downtown Olympia, the building also offers access to a parking lot via an external staircase, providing potential for expansion or additional uses. This turnkey operation is ready for a new owner to capitalize on its established charm and prime location. The net rentable square footage is 800 square feet. This is a rare chance to acquire a piece of Olympia's history with significant potential for future growth. The property's unique features and central location make it an ideal investment for a discerning buyer.
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
- -122.894
- Latitude
- 47.0457
- CBSA code
- 36500
- CBSA name
- OLYMPIA, WA METROPOLITAN STATISTICAL AREA
