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501-505 Capitol Way S
Olympia, WA 98501
 Thurston Building · Retail Property For Sale

Storefront Properties Washington Olympia 501-505 Capitol Way S, Olympia, WA 98501

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Executive Summary

HIGHLY VISIBLE LOCATION ON THE CORNER OF 5TH AND CAPITOL BLVD S. with many large picture windows on both sides. Built in 1937 this building has 8,652 square feet. Upstairs there is a 800 square foot space with restroom, currently home to Harlequin. Main floor has 7072 square feet of retail space. Corner suite has 3360 square feet of vacant space, perfect for owner user. Exit Puzzle fronts on 5th Ave and has 1600 square feet and Super Silver on Capitol has 1444 square feet. All tenants are currently month to month. Newer HVAC.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
8,672 SF
Building Class
C
Year Built
1937
Price
$1,360,215 CAD
Price Per SF
$156.85 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.17 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
DB
Parking
8 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
60’ on Capitol Way S

Amenities

  • Bus Line
  • Signage

Property Taxes

Parcel Number 78500600200 Improvements Assessment $1,461,513 CAD
Land Assessment $679,697 CAD Total Assessment $2,141,210 CAD

Property Taxes

Parcel Number
78500600200
Land Assessment
$679,697 CAD
Improvements Assessment
$1,461,513 CAD
Total Assessment
$2,141,210 CAD
 

  • Listing ID: 38969138

  • Date on Market: 2026-01-05

  • Last Updated:

  • Address: 501-505 Capitol Way S, Olympia, WA 98501

The Downtown Olympia Retail Property at 501-505 Capitol Way S, Olympia, WA 98501 is currently available. Contact Coldwell Banker/Evergreen for more information.

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