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$1,599,000 -$51,000 (-3.09%) Price Reduced

  • For Sale
  • Active
  • Industrial
  • Updated 13 hours ago

Listed by Debbie Draper | Coldwell Banker Evergreen | (360) 352-7651

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This 13,657 SF building on 4th has so many possibilities. Currently there is a 4900sq ft show room with one restroom and two 1200sq ft storage areas in the back. Ballet NW leases the 6,000 SF that fronts on Jefferson until 5/27 for $76K per year (plus property tax and utilities). The seller is willing to divide the building into two spaces and will sell the front 4900 SF on 4th plus the two 1200sq ft storage areas for $899,000. The 6000 sq ft portion leased to NW Ballet on Jefferson can be purchased for $815,000. Seller has renderings for a new live-work plan for 5 units that would front on 4th Ave, Across the street from Well 80. See Attachment for drawings. 4900 sq ft of retail space also available for lease for $12.00 NNN.

Full Property Details for 509 4th Ave E

General

  • Price: $1,599,000
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2327855
  • Updated: 1/15/2026
  • Added to Site: 347 day(s) ago

Interior

  • Flooring: Concrete, Other

Location

  • Area: 447 - Olympia North
  • County: Thurston
  • Subdivision: Olympia
  • Driving Directions: North on Capitol Blvd., Right on 4th to property on the right.

Structural Information

  • Structure Type: Unspecified
  • Exterior Const.: Brick
  • Foundation: Slab
  • Roof: Torch Down
  • Loading: 1-3 Bays
  • Office: 13,657 Sq. Ft.
  • Year Built: 1925

Lot Features

  • Lot Size (Acres): 0.3161
  • Lot Size (Sq. Ft.): 13,771
  • Zoning: Commercial

Financial Considerations

  • Terms: Cash Out, Lease Purchase, Owner Financing

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 7850540020

Listed by Debbie Draper | Coldwell Banker Evergreen | (360) 352-7651

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Schools serving 509 4th Ave E

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
6-81.4 mi
Olympia High School
1302 North Street Southeast, Olympia, WA 98501
9-121.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 509 4th Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$1,599,000
-3.09%
MLS
2/03/2025
Listed
$1,650,000
—
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.

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Listed by Debbie Draper | Coldwell Banker Evergreen | (360) 352-7651

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509 4th Avenue E, Olympia, WA 98501 (MLS# 2327855) is a Industrial property. 509 4th Avenue E is currently listed for $1,599,000 and was received on February 03, 2025. Want to learn more about 509 4th Avenue E? 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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