All homes

$1,495,000

Reduced $305,000 — was $1,800,000

520 4th Avenue

Olympia, WA 98501

Active

Beds

Baths

Sq Ft

Lot

0.17 ac

Year built

1927

Type

Commercial Sale

Days listed

279

MLS #

2455186

About this home

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.

Exterior features

Cement/ConcreteSee Remarks

Property details

Heating
Forced Air, Heat Pump
Cooling
Central Air, Forced Air, Heat Pump
Flooring
Ceramic Tile, Concrete, Softwood, Vinyl, Vinyl Plank
Water source
Public
Sewer
Sewer Connected

Costs

Annual taxes
$13,824 (2025)

Estimate your monthly payment

$8,712/mo

Principal & interest
$7,560
Property taxes
$1,152
Loan amount $1,196,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Olympia, WA 98501

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Century 21 Van Dorm Realty— Michael T. Smith.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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