Active · Commercial Sale

520 4th Avenue E, Olympia, WA 98501

Olympia, WA 98501

$1,495,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Century 21 Van Dorm Realty · MLS #2455186 · Active

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About this property

ICONIC DOWNTOWN OLYMPIA LANDMARK — OWNER-USER / ADAPTIVE REUSE OPPORTUNITY Own one of downtown Olympia's most recognizable historic commercial landmarks. Prominently located on a .17-acre corner lot directly across from City Hall, within Olympia's Historic Creative District and a federally designated Opportunity Zone, this 8,400 SF terra-cotta Gothic Revival-influenced building offers exceptional character, visibility, and flexibility. Designed by renowned Olympia architect Joseph Wohleb and built by the historic Titus family, the building has served Olympia through multiple eras, including auto dealerships, retail, and most recently a restaurant/bar. The flexible layout includes approximately 6,136 SF of restaurant/hospitality space, 1,200 SF of office, 1,064 SF of warehouse/storage, and an 812 SF private banquet/event room. Existing improvements include two walk-in coolers, commercial vent hoods, a Wood Stone wood-fired pizza oven, HVAC, fire protection, security systems, and substantial restaurant infrastructure. Beyond hospitality use, the property offers potential for creative office, retail, entertainment, events, brewery/tasting room, hospitality, showroom, or other adaptive-reuse concepts, subject to applicable approvals. A rare opportunity for an owner-user, investor, hospitality operator, or developer to acquire a signature piece of downtown Olympia history with significant long-term potential.

Property details

Property type: Commercial Industrial
Year built: 1927
Lot size: 7,405 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $13,824 (2025)

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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