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$2,200,000 Just Listed
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Property Description
Exceptional investment opportunity in the heart of Downtown Olympia's Creative District. This historic mixed-use commercial building is occupied with eight established tenants, providing a diversified income stream from street-level retail, artist lofts, music studios, and office space. Located on the prominent corner of 4th Avenue and Franklin Street, the property offers approximately 180 feet of high-visibility frontage with strong pedestrian and vehicle traffic, metered street parking, and a public parking lot directly across the street. Less than one mile from the Washington State Capitol Campus, the property benefits from a strong daytime workforce, surrounding restaurants, retail, entertainment, and continued downtown revitalization. Situated within a federally designated Opportunity Zone, this asset offers potential tax advantages for qualified investors and significant long-term upside through rental growth, capital improvements, repositioning, or future redevelopment, subject to buyer verification.The established tenant mix has created a vibrant destination within Downtown Olympia while providing stable occupancy and consistent cash flow. A rare opportunity to acquire a well-positioned commercial asset with exceptional visibility, strong in-place income, and outstanding long-term investment potential in one of Olympia's premier commercial corridors. Ideal for investors seeking a stable asset with future appreciation potential in a highly desirable downtown location.
Full Property Details
Full Property Details for 302 304 4th Ave E
General
- Price: $2,200,000
- Taxes: $8,525 (2026)
- Status: Active
- Type: Industrial
- Source: NWMLS
- MLS ID: 2550358
- Updated: 7/9/2026
- Added to Site: 2 day(s) ago
Rental Information
- Complex Features: Disabled Access
Interior
- Flooring: Concrete, Hardwood, Softwood
Location
- Area: 447 - Olympia North
- County: Thurston
- Subdivision: Olympia
- Driving Directions: From I-5 take exit 105 toward Port of Olympia. Continue onto Plum St SE. Turn left onto 5th Ave SE. Turn right onto Franklin St SE. Turn right onto Franklin St SE. Turn right onto 4th Ave.
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Forced Air
- Heating Type: Forced Air
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Unspecified
- Exterior Const.: Stucco
- Foundation: Slab
- Roof: Torch Down
- Year Built: 1928
- Property Condition: Average
Lot Features
- Lot Size (Acres): 0.1128
- Lot Size (Sq. Ft.): 4,915
- Lot Size Source: Public Records
- Topography: Level
- Zoning: Business, Commercial, Multi-Family, Office, Residential, Retail
Financial Considerations
- Tax Amount: $8,525
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 78503300802
Listed by Terry Vo | John L. Scott, Inc | (425) 227-9200
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Schools
Schools serving 302 304 4th Ave E
School District:Olympia School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Olympia, WA 213 21st Avenue Southeast, Olympia, WA 98501 | K-5 | 1.1 mi |
Olympia Regional Learning Academy B 2400 15th Avenue Southeast, Olympia, WA 98501 | K-5 | 1.6 mi |
Washington Middle School, Olympia, WA 3100 Cain Road Southeast, Olympia, WA 98501 | 6-8 | 2.2 mi |
Olympia High School 1302 North Street Southeast, Olympia, WA 98501 | 9-12 | 2 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 302 304 4th Ave E
Date
Details
Price
Change
Source
7/09/2026
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 302 304 4th Ave E
302 304 4th Avenue E, Olympia, WA 98501 (MLS# 2550358) is a Industrial property. 302 304 4th Avenue E is currently listed for $2,200,000 and was received on July 09, 2026. Want to learn more about 302 304 4th Avenue E? Do you have questions about finding other Industrial real estate for sale in Downtown Olympia? You can browse all Downtown Olympia real estate or contact a Coldwell Banker agent to request more information.

