Olympia, WA Property For Sale and Lease

Functional, mixed-use office building with ample parking on a corner lot, easily accessible from one of Olympia’s most heavily traveled thoroughfares, Martin Way E. Centrally located among a variety of local retail, office, and service-oriented businesses.

Documents available in CoStar data room (registration required)

Small shop space with adjoining office and 14-foot overhead door. Large three-compartment sink. Mezzanine storage space above shop. Restroom in shop shared with adjacent tenant. Great for autobody work or business storage.

Professional office building located near downtown Olympia. Lease one floor or the entire building. Ample off-street parking. Great for professional/medical offices.

We are pleased to present this Downtown Olympia multi-family portfolio as available for sale for the first time in 20+ years. The offering consists of 2 contiguous properties - Olympia Court Apartments and The Anderson House. There are 34 Total Units, including (19) Studios, (12) 1 bed/1 bath units, (1) 2 bed/1 bath unit and (2) retail storefronts with frontage on popular Capitol Way South. Properties have been locally owned, operated and meticulously maintained for 20+ years. Just steps to the Capital Campus, tenants enjoy outstanding walkability to restaurants, shops, entertainment and necessities. Extremely high historic occupancy with significant upside potential via rent increases and utility charges.

Great investment opportunity in Downtown Olympia! This fully leased building has 3 tenants producing stable income for any future buyer. Building features 3 separately metered storefronts on 4th ave and Washington St. Ductwork inside has recently been redone in this sprinkled space, and two new tenants are completing aesthetic improvements on the interior. Call LA for showings!

Located in a Qualified Opportunity Zone

Downtown Business District (DB) Zoning - very development friendly: no parking requirements, no minimum setbacks, no density (units/acre) maximum, and max height of 75’ but allows an additional 2 stories with an 8’ step back.

Olympia’s Downtown Historic District - With a walk score of 89, tenants have easy access to a variety of different restaurants, bars, coffee shops, and shopping.

Superior Demographics in Olympia - Olympia’s average household income is $95,966 and the median household income is over $70,000. The median home value in the 98501 Zip Code is $528,591

Commutable to Over 712,000 Jobs

Covered Land Play - Potential revenue during entitlement phase from existing 32,343 sf commercial building and 49 stall surface parking lot

Green Space - Across the street from Sylvester Park and one block from the waterfront Heritage Park on Capitol Lake.

Entire half-block site with Water & Capitol Views

Attractive Financing and Developer Terms - Seller financing available. Alternatively Seller will offer developer terms

This exceptional office opportunity comprises 1,564 square feet of versatile space. This unit features five offices, a conference room, and one private restroom.

5 acres land in the Hawks Prairie area of NE Lacey. Low Density Residential zoning (single family homes, townhomes, multi family). One buildable lot for BLA to create ingress/egress. Call LA for details and further information. Zoning also allows for other uses through conditional use permit.

Nice medical space near Capital Medical Center. The layout includes a waiting area/entry, a receptionist area, four exam rooms, one office, two restrooms, and a lunch room/storage. Unserviced - tenant pays utilities for space and pro-rata share of common area utilities as well as janitorial and interior maintenance.

Excellent second-floor office space with very functional floorplan. Includes a waiting/reception area, four spacious offices, an open work area with a coffee bar, and a private ADA restroom. Rent covers all utilities, and the well-lit 2nd-floor location is accessible via an elevator. The building is meticulously maintained, with financial planners and counseling services among the tenants. Free parking is available, and the location offers easy access from Pacific Ave. or Boulevard Rd.

Professional office building close to amenities. Easy access to I-5 and downtown Olympia and Lacey. Plenty of parking in front and rear of building.

*Foyer Waiting Area

*Large Reception Room

*Conference Space

*Two Large Private Offices

*Private to Suite Kitchenette

*Private to Suite Bathroom

*Newer Furnishings Available

Tax iD #: 11817240801; 65100201200

Medical office space near Capital Medical Center. The layout includes a waiting room, reception/staff/chart area, three exam rooms, one large office, an employee breakroom, a work/storage area, and one private restroom.

Light Industrial 4.98 acres just off I-5 near Tumwater, WA. Flat, corner parcel in Tumwater UGA. Utilities nearby.

ABOUT THE PROPERTY

Offering 3,312 sq ft of adaptable space and nine convenient parking stalls. The location has intercity transit lines near by, and very close to I-5. The first floor has 2-3 Private offices with an open space meeting room and 2 bathrooms. The basement floor has 1 private office with 2 open space meeting rooms and 1 bathroom. Rooms could be demised if there was a need for more private offices.

ABOUT THE INVESTMENT

Stabilized long term NNN investment. The owner just executed a 5 year lease with two 3 year options to renew for 100% of the building. Tenant is ideally looking to stay 10+ years.

Single offices available in a shared professional office building. Prime Downtown location on Union Ave, near State buildings and Capital Campus.

All utilities included plus use of copier—individual A/C unit in the suite.

Terrific opportunity in Olympia. Location is a 10/10! Great visibility on Martin Way E. Property is currently home to Interstate Batteries and CA Nail, both long term tenants. Retail, Office and Industrial Warehouse Buildings provide great flexibility and tenant mix. Don't miss this opportunity!

Building: 339,420 SF

Total Site Area: 19.58 acres

Clear Height: 40’

Column Spacing: 52’ x 50’

Auto Parking: 190

Trailer Parking: 53

Structure: Concrete Tilt

Zoning: LI (Light Industrial)

Dock Doors: 50

Drive-In Doors: 2

Fire Protection: ESFR

Electrical Service: 3,000 amps

Lighting Energy: Efficient LED lighting

Tax Incentive: Significant Sale Tax Rebate Available

Call for Rates

Excellent office space in a professional office park. Easy parking and access to the freeway. The current layout includes a waiting room, business area/reception, work/break room, three offices, and storage. Common area restrooms. Tenant pays power directly plus CAM charges. Water, sewer & garbage are included in the CAMs ($265.27 per month).

Two warehouses on .82 acre near Martin Way and Lilly. The 5,000 ft warehouse has a 3 year lease for $5000 per month. The 3,000 ft warehouse is on a month to month for $3000 with same tenant. Showings M-W. 9-5. City water & septic

Welcome to a prime investment opportunity or owner-operator office space in this centrally located building featuring 7 versatile offices. Ideal for entrepreneurs seeking a centralized workspace, the layout ensures flexibility in different offices. For investors, the property comes current tenants willing to stay, providing immediate rental income and a hassle-free ownership experience. The building’s prime location in the West Hills Office Park II, near amenities and major transportation routes, adds to its appeal. Don’t miss out on this turnkey opportunity that blends owner operator, and investment potential.

Single space for lease in West Olympia! This 150 SF space was formerly a massage business. Could serve as an executive office space as well. Shared bathrooms and kitchenette with plenty of parking!

Rare opportunity to own a fully operational, turn-key dairy with management, livestock, equipment & milk contract; currently milking 1500-head with 200 additional dry cows. This is a genomic tested and bred herd for high production (90-95lb daily avg) currently being shipped to Safeway with 750 heifers onsite and an additional 800 being raised in Eastern Washington. Features: 2 irrigation wells with 654 ac/ft water rights, 4 CA-style loafing/free stall barns with lockups, 5 calf barns and dry cow facilities, 3 silage pits, a 15-bay commodity shed, 1 dbl 24 parallel and dbl 12 parallel barn for hospital/string pen. There are 2 one-level homes located on the property that have been well-maintained and offer beautiful sweeping pasture views.

Lot of character in this former jewelry store w/high brick walls. Would make a great restaurant! Upstairs was a 3000 sq ft apartment many years ago. Could be great for several offices. New roof, heatpumps and electrical panels. Seller will consider owner finance with $400k down.

Individual office spaces on 2nd floor of office building. Perfect for any small business that wants to have space outside of their home. Natural light, free on-street parking, nice corner location. Base rent includes water, sewer, garbage, power and common area maintenance. 2nd floor walk up (not ADA accessible).

Fantastic office opportunity situated on bus line between downtown Olympia and bustling westside of Olympia. Many rooms contain sinks and open areas for service professionals. Opportunity for office/residential use or redevelopment. Rare 13 parking stalls onsite with easy access to Harrison Avenue.

Clean, efficient warehouse with a small office located in the Deschutes Industrial Park close to Interstate 5.

3-Phase, 400 AMP panel with 120/208 Volt service.

Fully sprinkled and heated.

20’ clear height. One (1) 14’x15’ grade-level overhead door. One (1) 9’x10’ dock-high overhead door. 14 parking stalls. Two private restrooms. Zoned Light Industrial.

This vacant commercial lot has significant redevelopment potential and is strategically positioned in a highly desirable area. The .45 acres offer a variety of uses, such as retail, multifamily, or mixed-use. Zoned Urban Waterfront. It is situated within an Opportunity Zone adjacent to the Downtown InterCity Transit Station and can be easily accessed from Adams Street NE or State Ave NE.

Phase II Environmental Site Assessment completed with favorable results.

We are pleased to present the sale offering for The Arts Park, a well-located and versatile industrial business park in Olympia, WA. Located at 6305 Rich Road SE, Olympia, the park benefits from being the only Light Industrial zoned property in a highly residential area, making it a compelling location for local businesses that cater to suburban living. The versatile metal buildings cater to a diverse range of tenant needs, from cold storage to custom art. With a variety of suite sizes and configurations, the park lends itself well to startups looking to grow as well as established businesses.

The average effective rent at The Arts Park is

approximately 30% below market. With all but one

lease being month-to-month, there is an extremely

unique opportunity to implement a value-add strategy immediately to capture this substantial upside. An incoming investor can achieve an 9.12% cap rate upon completion of raising the month-to-month rents to market and filling the vacant suites.

Priced deeply below replacement cost, The Arts Park presents a compelling opportunity for savvy investors looking to create value through capitalizing on favorable market fundamentals in the local local industrial market.

Rare stand-alone building opportunity with parking in downtown Olympia! Currently home to Olympia Copy and Printing, this stand-alone retail building has tons of potential. Building is two floors and fully sprinkled, large open downstairs workspace with additional offices and storage, upstair retail has large open showroom areas, and private offices. Ability to convert to 3 separate retail store fronts. Parking in rear offers free off-street parking for customers. Don't miss this great opportunity! Located in the DB (Downtown Business) zoning!!

Great views on the 3rd floor. Open area with private offices, break room, and data room. Building conference room on 2nd floor. Some reserved parking plus open parking.