$2,200,000
Est. $11,217/mo302 304 4th Avenue E, Olympia, WA 98501
• Listed 2026-07-09•19 days on market
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Exceptional investment opportunity in the heart of Downtown Olympia's Creative District. This historic mixed-use commercial building is occupied with eight established tenants, providing a diversified income stream from street-level retail, artist lofts, music studios, and office space. Located on the prominent corner of 4th Avenue and Franklin Street, the property offers approximately 180 feet of high-visibility frontage with strong pedestrian and vehicle traffic, metered street parking, and a public parking lot directly across the street. Less than one mile from the Washington State Capitol Campus, the property benefits from a strong daytime workforce, surrounding restaurants, retail, entertainment, and continued downtown revitalization. Situated within a federally designated Opportunity Zone, this asset offers potential tax advantages for qualified investors and significant long-term upside through rental growth, capital improvements, repositioning, or future redevelopment, subject to buyer verification.The established tenant mix has created a vibrant destination within Downtown Olympia while providing stable occupancy and consistent cash flow. A rare opportunity to acquire a well-positioned commercial asset with exceptional visibility, strong in-place income, and outstanding long-term investment potential in one of Olympia's premier commercial corridors. Ideal for investors seeking a stable asset with future appreciation potential in a highly desirable downtown location.
Listed by Terry Vo • John L. Scott, Inc
Listing updated: July 9, 2026 at 11:43am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2550358
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302 304 4th Avenue E, Olympia, WA 98501
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Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 13 days.
$425,000 Sold
2 weeks ago
2 bd•~941 sq ft•Single Family
1911 Columbia Street Sw, Olympia, WA 98501
2%
Under list
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Days on market
1.0 mi
Distance
$650,000 Sold
7 weeks ago
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Under list
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Distance
$445,920 Sold
3 months ago
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3%
Under list
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Days on market
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Distance
$287,500 Sold
6 months ago
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Days on market
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Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
