Property Details

1005 Olympia Ave NE
Olympia, WA 98506
$750,000
CBA# 715894 courtesy of CBA Listing firm: Kidder Mathews

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1005 Olympia Ave NE, Olympia

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1005 Olympia Ave NE, Olympia

1 / 1
Office / Retail
Property Type
3,648
Bldg Sq Ft
3.00%
Cap Rate
1901
Year Built

Property Overview

Great opportunity to own this historic, legacy therapy and counseling building with a long-established reputation in the community. For decades, the property has maintained a strong rental history, featuring a stable mix of therapists, counselors, and other wellness-focused tenants. Currently listed on the local historic register. The building has been thoughtfully maintained with numerous capital improvements and ongoing routine maintenance over the years.The property is zoned PO/RM (Professional Office/Residential), providing exceptional flexibility for future use, including professional offices, a single-family residence, apartments, retail, and a variety of other permitted commercial uses. An adjacent vacant parcel (available separately and not included in the listing price) presents additional opportunities for expansion or future development.Located near downtown, but on a idyllic, tree lined street, the possibilities are endless.Actual Annual Income: $63,500.00Proforma Annual Income: $75,600.00Expenses: $33,375.90

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Thurston
Listed Jul 30, 2026

Financial Summary

Cap Rate 3.00%

Building & Use

Building Sq Ft 3,648
Possible Use Office
Year Built 1901

Exterior & Lot

Year Built 1901

Location

City Olympia
County Thurston
Coordinates 47.04720, -122.89000
Listed By
Amy Harding
Kidder Mathews

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