Prime Downtown Olympia Bar & Restaurant Location
Downtown Olympia Restaurant & Event Space – 5,867 SF with Private Banquet Room
Marketing description
Own a proven hospitality asset in the heart of downtown Olympia’s restaurant and nightlife district. Located on a prime 0.14-acre downtown lot, this 5,867-square-foot steel-reinforced concrete building (built in 1920) offers more than 25 years of successful restaurant history in one of Olympia’s most established food and beverage corridors.
Zoned Retail – Food Downtown Business, the building is designed for high-volume restaurant and bar operations, featuring a highly functional 50/50 dining and bar layout anchored by a skylit dining room with remote solar shades, creating a bright, inviting atmosphere during the day and an upscale evening experience at night. Large street-facing and alley-facing windows provide excellent visibility and natural light while supporting strong branding and signage exposure.
The commercial kitchen is built for efficiency and throughput, equipped with two vent hoods, a dedicated dishwashing area, and space for a walk-in cooler. A spacious full-service bar with alley-facing windows, beverage center, and ice bin room supports strong beverage sales and late-night traffic.
A major differentiator is the private banquet / VIP room with a separate alley entrance, ideal for corporate events, private parties, political gatherings, and group dining—a high-margin revenue stream that sets this property apart from typical restaurant spaces.
The building is further supported by two HVAC systems and a security system, making it well-suited for immediate operation by an owner-user or for leasing to a hospitality operator.
This is an excellent owner-user or investment opportunity in a high-traffic, supply-constrained downtown location, surrounded by restaurants, bars, retail, and growing residential density.
Investment highlights
A proven downtown Olympia hospitality property with private event revenue, strong restaurant history, and long-term upside in a supply-constrained market.
Proven Restaurant Location – Over 25 years of successful restaurant operations in one of downtown Olympia’s most established food and beverage corridors.
Prime Downtown Olympia Site – Located on a 0.14-acre lot in the heart of the city’s restaurant, nightlife, and retail district.
5,867 SF Steel-Reinforced Concrete Building – Built in 1920, offering durability, character, and long-term asset stability.
Private Banquet / VIP Room with Separate Entrance – Dedicated event space for corporate functions, political gatherings, private parties, and group dining, creating a high-margin secondary revenue stream.
Highly Functional Restaurant Layout – Balanced 50/50 dining and bar configuration with a skylit dining roomand remote solar shades for all-day and evening ambiance.
Turnkey Kitchen & Bar Infrastructure – Includes two vent hoods, dishwashing area, space for a walk-in cooler, beverage center, and ice bin room.
Strong Visibility & Branding – Street-facing and alley-facing windows provide excellent exposure, natural light, and signage opportunities.
Operationally Ready – Supported by two HVAC systems and a security system, allowing for quick reopening or re-tenanting.
Flexible Zoning – Retail – Food Downtown Business allows restaurant, bar, tasting room, or experiential food and beverage uses.
Owner-User or Investor Appeal – Ideal for an operator seeking a flagship downtown location or an investor looking for stable hospitality demand with event-driven upside.
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