509 4th Avenue E

Olympia, WA 98501

  • Bed

  • Bath

  • 0 SqFt

  • 340 DOM

  • Built: 1925

  • Status: Active

$1,650,000

X

509 4th Avenue E

Olympia 98501

$1650000

  • Bed

  • Bath

  • 0 SqFt

  • 340 DOM

  • Built: 1925

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

This 13,657 SF building on 4th has so many possibilities. Currently there is a 4900sq ft show room with one restroom and two 1200sq ft storage areas in the back. Ballet NW leases the 6,000 SF that fronts on Jefferson until 5/27 for $76K per year (plus property tax and utilities). The seller is willing to divide the building into two spaces and will sell the front 4900 SF on 4th plus the two 1200sq ft storage areas for $899,000. The 600 sq ft portion leased to NW Ballet on Jefferson can be purchased for $815,000. Seller has renderings for a new live-work plan for 5 units that would front on 4th Ave, Across the street from Well 80. See Attachment for drawings.

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Residence Information

  • 0

  • 7200

  • Torch Down

  • 61 - Comm Bldg Ovr 10K

  • 1925

  • Slab

Features and Utilities

  • Concrete

  • Brick

Financial

  • Cash Out, Lease Purchase, Owner Financing

  • 02-03-2025

  • 7003

Comparable Information

  • 340

  • 340

  • Cash Out, Lease Purchase, Owner Financing

  • $1,650,000

  • $1,650,000

  • Feb 06, 2025 20:27

Schools

Map

Listing courtesy of Coldwell Banker Evergreen.

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 © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Jun 07, 2025 22:47 | Listing last modified Feb 06, 2025 20:27. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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