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101 Division St NW (2005 Ascension Ave NW) 101 Division St NW 1,917 SF Retail Building Olympia, WA 98502 $699,999 ($365.15/SF)
Investment Highlights
- Stand-Alone Building
- High Traffic Visibility
- Dedicated Parking Lot
Executive Summary
This 1,620 square foot standalone restaurant presents a rare turnkey ownership opportunity on the Westside of Olympia. Originally constructed in 1904, this single-tenant building occupies a 0.18-acre lot and previously served as the location for the highly rated La Petite Maison.
The facility is a fully operational and licensed restaurant business ready for immediate use by new operators. As an owner-occupied retail space, it provides a unique chance to acquire a local gem in a well-established neighborhood. The two-story structure is situated at the intersection of Ascension and Division, and is classified for retail mixed use.
Prospective buyers may consider various financing options, including cash-out, conventional, or SBA loans.
The facility is a fully operational and licensed restaurant business ready for immediate use by new operators. As an owner-occupied retail space, it provides a unique chance to acquire a local gem in a well-established neighborhood. The two-story structure is situated at the intersection of Ascension and Division, and is classified for retail mixed use.
Prospective buyers may consider various financing options, including cash-out, conventional, or SBA loans.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,917 SF
Building Class
C
Year Built
1904
Price
$699,999
Price Per SF
$365.15
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.18 AC
Zoning
HDC-3
Parking
11 Spaces (5.74 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 70400103800 | Improvements Assessment | $88,300 |
| Land Assessment | $239,200 | Total Assessment | $327,500 |
Property Taxes
Parcel Number
70400103800
Land Assessment
$239,200
Improvements Assessment
$88,300
Total Assessment
$327,500
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101 Division St NW (2005 Ascension Ave NW) | 101 Division St NW
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