www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29205504
29205522

520 4th Ave E, Olympia, WA 98501

Van Dorm Realty, Inc
Listed by Van Dorm Realty, Inc
$1,595,000
159 days on market
Updated 21 days ago
Opportunity zone

Signature Owner-User Opportunity in Downtown Olympia

Details
APN 78605300400
Property Type Mixed Use, Retail
Sub Type Bar, Restaurant (+1)
Square Footage 8,400
Net Rentable (SqFt) 8,400
Tenancy Vacant
Price per SqFt $190
Year Built 1927
Year Renovated 1989, 1999, 2003
Buildings 1
Stories 2
Acreage 0.170
Zoning Retail - Food and Beverage
Investment Type Owner/User
Sale Condition For sale by owner

Iconic Downtown Olympia Landmark – 8,400 SF Restaurant + Banquet/VIP Room on Prime Corner

Marketing description

Own a Landmark in the Heart of Downtown Olympia

A rare opportunity to acquire one of Olympia’s most recognizable and architecturally significant buildings, commanding a highly visible .17-acre corner directly across from City Hall. This 8,400-square-foot Gothic Revival treasure, wrapped in warm terra-cotta tile, was designed by legendary architect Joseph Wohleb and constructed by the historic Titus family—a true piece of Olympia’s legacy.

For more than a century, this building has anchored downtown commerce, housing everything from early auto showrooms to retail and, most recently, a high-volume restaurant and bar. Its striking façade, soaring vertical lines, and dramatic presence make it a natural magnet for both locals and visitors.

Zoned Retail – Food Downtown Business, the property is exceptionally versatile and delivered vacant and turnkey for hospitality or adaptive reuse. The layout includes 6,136 SF of restaurant and bar space, highlighted by an 812 SF private banquet / VIP room ideal for corporate events, political gatherings, retirement parties, and private dining, along with 1,200 SF of office and 1,064 SF of warehouse/storage. The building is fully supported by two walk-in coolers, commercial vent hoods, a Wood Stone wood-fired pizza oven, HVAC, fire suppression, and security systems, significantly reducing startup costs for a new operator.

This is a flagship corner location in the civic core of Olympia, surrounded by government offices, new housing, retail, and constant foot traffic—making it ideal for an owner-operator, restaurant group, or investor seeking a true trophy asset with built-in character, event-driven revenue potential, and long-term upside.

Historic charm. Prime positioning. Endless potential.

Investment highlights

An iconic downtown landmark with turnkey restaurant infrastructure, private banquet revenue, and long-term appreciation in a supply-constrained market.

  • Iconic Downtown Olympia Landmark – One of the city’s most recognizable buildings, designed by legendary architect Joseph Wohleb and constructed by the historic Titus family.

  • Premier Signalized Corner – Highly visible .17-acre corner directly across from City Hall in Olympia’s civic, retail, and restaurant core.

  • 8,400 SF Trophy Asset – Striking Gothic Revival architecture with terra-cotta tile façade and irreplaceable street presence.

  • Vacant & Turnkey Hospitality – Delivered vacant and ready for immediate use, ideal for owner-operators or investors.

  • 812 SF Private Banquet / VIP Room – Built-in high-margin event, private dining, and corporate function space — a major revenue driver in a government-anchored location.

  • Proven Restaurant Location – Former high-volume restaurant and bar with strong historic demand.

  • Full Commercial Build-Out – Includes two walk-in coolers, commercial hood & fire suppression, Wood Stone wood-fired pizza oven, HVAC, and security system, reducing startup capital requirements.

  • Flexible ZoningRetail – Food Downtown Business allows restaurant, bar, brewery, tasting room, retail, or experiential uses.

  • Surrounded by Growth – Steps from government offices, new market-rate housing, retail, and nightlife, driving consistent foot traffic and customer demand.

  • Long-Term Value & Upside – Located in a supply-constrained historic core where new competing inventory is extremely limited.

Listing Contacts

Van Dorm Realty, Inc
Listed by Van Dorm Realty, Inc

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
DB MixedMixed UseDowntown Business
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 136 uses
View all 136 uses
Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Michael Smith
License
85845
Brokerage
Van Dorm Realty, Inc.
Brokerage Phone
360-943-3800
Title
Real Estate Broker
Brokerage Address
606 Columbia Street Northwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591