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Investment Highlights

  • Stand-Alone Building
  • High Traffic Visibility
  • Dedicated Parking Lot

Executive Summary

This 1,620 square foot standalone restaurant presents a rare turnkey ownership opportunity on the Westside of Olympia. Originally constructed in 1904, this single-tenant building occupies a 0.18-acre lot and previously served as the location for the highly rated La Petite Maison.
The facility is a fully operational and licensed restaurant business ready for immediate use by new operators. As an owner-occupied retail space, it provides a unique chance to acquire a local gem in a well-established neighborhood. The two-story structure is situated at the intersection of Ascension and Division, and is classified for retail mixed use.
Prospective buyers may consider various financing options, including cash-out, conventional, or SBA loans.

Property Facts

Sale Type
Owner User
Property Type
Retail
Building Size
1,620 SF
Year Built
1904
Price
$973,405 CAD
Price Per SF
$600.87 CAD
Tenancy
Single
Building Height
2 Stories
Zoning
HDC-3 - High Density Corridor -3
Frontage
75’ on Ascension
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100

Nearby Major Retailers

Grocery Outlet
Columbia Bank
Outback Steakhouse
Applebee's
Olive Garden
Bank of America
Safeway
CrossFit
Starbucks
Red Robin Gourmet Burgers And Brews

Property Taxes

Property Taxes

Parcel Number
70400103800
Land Assessment
$333,167 CAD
Improvements Assessment
$122,988 CAD
Total Assessment
$456,155 CAD
  • Listing ID: 39959648

  • Date on Market: 2026-03-30

  • Last Updated:

  • Address: 2005 Ascension NW Ave, Olympia, WA 98502

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