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Property profile & analytics
OFF-MARKET
Turn key restaurants

704 4th E Ave Olympia, WA 98506-3920

800 SF 0.1 ac lot Built 1924
Entity Owned 8-yr Hold Free & Clear
Property ID
US90-3016097
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1924
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 800 SF
Lot 0.1 ac (4,356 SF)
APN 7820-12-01000
UPID US90-3016097
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
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
Manium LLC · 8 yrs held
Manium LLC
since 2018
5 recorded transactions
2025
Price N/A
2025
Price N/A
2018
Price N/A
2004
$134,950
1999
$71,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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