Listing Office: WeLakeside Northwest Multiple Listing Service Logo

116 Ne State Avenue, Olympia, WA

$736,000

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0.14

Acres

About 116 Ne State Avenue

Prime Downtown Investment Opportunity – Fully Leased Retail with Rare On-Site Parking Located in the heart of downtown Olympia, this fully renovated mixed-use retail property presents a rare opportunity for investors seeking stable cash flow and long-term upside (Great CAP Rate). This 2000+ SF building features two fully leased retail storefronts, generating consistent income with strong tenant demand in a high-visibility location. Recent upgrades include a brand-new roof and interior renovations, significantly reducing near-term capital expenditures and enhancing tenant appeal. Ideal for investors seeking a turnkey, income-producing asset with both stability and future appreciation potential.

Features of 116 Ne State Avenue

MLS® # 2518287
Price $736,000
Acres 0.14
Year Built 1946
Type Commercial Sale
Sub-Type Commercial Industrial
Status Active

Community Information

Address 116 Ne State Avenue
Area 447 - Olympia North
Subdivision Olympia
City Olympia
County Thurston
State WA
Zip Code 98501

Amenities

Is Waterfront No

Interior

Heating Heat Pump
Cooling Heat Pump
Fireplace No

Exterior

Foundation Block

Additional Information

Date Listed May 5th, 2026
Days on Market 487
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWeLakeside

Listing Map

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