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501-505 Capitol Way S
Olympia, WA 98501
Thurston Building · Retail Property For Sale
Executive Summary
HIGHLY VISIBLE LOCATION ON THE CORNER OF 5TH AND CAPITOL BLVD S. with many large picture windows on both sides. Built in 1937 this building has 8,652 square feet. Upstairs there is a 800 square foot space with restroom, currently home to Harlequin. Main floor has 7072 square feet of retail space. Corner suite has 3360 square feet of vacant space, perfect for owner user. Exit Puzzle fronts on 5th Ave and has 1600 square feet and Super Silver on Capitol has 1444 square feet. All tenants are currently month to month. Newer HVAC.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
8,672 SF
Building Class
C
Year Built
1937
Price
$995,000
Price Per SF
$114.74
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
DB
Parking
8 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
60’ on Capitol Way S
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 78500600200 | Improvements Assessment | $1,069,100 |
| Land Assessment | $497,200 | Total Assessment | $1,566,300 |
Property Taxes
Parcel Number
78500600200
Land Assessment
$497,200
Improvements Assessment
$1,069,100
Total Assessment
$1,566,300
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