116 NE State Avenue

Olympia, WA 98501

  • Bed

  • Bath

  • 0 SqFt

  • 373 DOM

  • Built: 1946

  • Status: Active

$736,000

X

116 NE State Avenue

Olympia 98501

$736000

  • Bed

  • Bath

  • 0 SqFt

  • 373 DOM

  • Built: 1946

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Prime Downtown Investment Opportunity – Fully Leased Retail with Rare On-Site Parking Located in the heart of downtown Olympia, this fully renovated mixed-use retail property presents a rare opportunity for investors seeking stable cash flow and long-term upside (Great CAP Rate). This 2000+ SF building features two fully leased retail storefronts, generating consistent income with strong tenant demand in a high-visibility location. Recent upgrades include a brand-new roof and interior renovations, significantly reducing near-term capital expenditures and enhancing tenant appeal. Ideal for investors seeking a turnkey, income-producing asset with both stability and future appreciation potential.

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Residence Information

  • 0

  • 70 - Industrial

  • 1946

  • Block

Features and Utilities

  • Public

  • Sewer Connected

  • 2000

Financial

  • 3097

  • Cash, Conventional

  • 05-05-2026

  • 5760

Comparable Information

  • 373

  • 373

  • Cash, Conventional

  • $736,000

  • $736,000

  • May 06, 2026 06:28

Schools

Map

Listing courtesy of WeLakeside.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: May 06, 2026 09:01 | Listing last modified May 06, 2026 06:28. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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