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