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$1,225,000 -$75,000 (-5.77%) Price Reduced

  • For Sale
  • Active
  • Industrial
  • Updated 2 days ago

Listed by Michael T. Smith | Van Dorm Realty, Inc | (360) 943-3800

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Prime downtown Olympia location! This 5,867 SF steel-reinforced concrete building (built in 1920) sits on a 0.14-acre lot and has over 25 years of successful restaurant history. Zoned Retail-Food Downtown Business, the building features large street and alley facing windows, a flexible 50/50 dining and bar layout with skylit dining area with remote solar shades. The large kitchen features two vent hoods, dishwasher area with room for walk-in cooler. The spacious bar with alley facing widows, beverage center and ice bin room. There's a private banquet/VIP room in back with separate alley side entrance. Two HVAC systems and security system. Excellent owner-user or investment opportunity in a high-traffic, established hospitality corridor.

Full Property Details for 112 Cherry St NE

General

  • Price: $1,225,000
  • Taxes: $13,824 (2025)
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2455211
  • Updated: 5/19/2026
  • Added to Site: 164 day(s) ago

Interior

  • Flooring: Ceramic Tile, Concrete, Vinyl

Location

  • Area: 447 - Olympia North
  • County: Thurston
  • Subdivision: Olympia
  • Driving Directions: From exit 105A follow Plum Street to State Ave, turn left, turn left on Cherry Street NE to destination on your left.

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Unspecified
  • Exterior Const.: Cement/Concrete, See Remarks, Stucco
  • Foundation: Poured Concrete, Slab
  • Roof: Composition, Torch Down
  • Ceiling Height: 16'
  • Year Built: 1920
  • Property Condition: Good

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Lot Size Source: County Assessor
  • Topography: Level
  • Zoning: Business, Commercial, Retail, See Remarks

Financial Considerations

  • Tax Amount: $13,824
  • Tax Year: 2025
  • Terms: Cash, Lease Purchase

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 78200400200

Listed by Michael T. Smith | Van Dorm Realty, Inc | (360) 943-3800

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Schools serving 112 Cherry St NE

School District:Olympia School District
NameGradesDistance
Madison Elementary School, Olympia, WA
1225 Legion Way Southeast, Olympia, WA 98501
PK-50.5 mi
Reeves Middle School
2200 Quince Street Northeast, Olympia, WA 98506
6-81.3 mi
Olympia High School
1302 North Street Southeast, Olympia, WA 98501
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 112 Cherry St NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/19/2026
Price Reduced
$1,225,000
-5.77%
MLS
12/08/2025
Listed
$1,300,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 112 Cherry St NE

Year
Property Taxes
Change
Tax Assessment
Change
2026
$11
-100%
$1,102,900
25%
2025
$9,270
—
$885,100
9%
2021
$9,233
-23%
$812,800
-33%
2023
$12,029
30%
$1,207,100
69%
2021
$9,233
8%
$715,800
11%
2020
$8,550
9%
$646,600
1%
2019
$7,846
—
$639,100
10%
2018
$7,845
13%
$582,700
4%
2017
$6,966
9%
$558,100
6%
2016
$6,405
-6%
$528,600
-3%
2015
$6,795
-5%
$543,950
-3%
2014
$7,158
—
$560,350
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Michael T. Smith | Van Dorm Realty, Inc | (360) 943-3800

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112 Cherry Street NE, Olympia, WA 98501 (MLS# 2455211) is a Industrial property. 112 Cherry Street NE is currently listed for $1,225,000 and was received on December 08, 2025. Want to learn more about 112 Cherry Street NE? Do you have questions about finding other Industrial real estate for sale in Olympia? You can browse all Olympia real estate or contact a Coldwell Banker agent to request more information.

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