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$445,000 Just Listed
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Property Description
Unlock the potential of this uniquely positioned commercial property in the heart of Olympia! Zoned HDC-4 per the City of Olympia, this property offers a wide range of development opportunities including multi-family, office, retail, mixed-use, and more. Situated between Pacific Ave and Martin Way, this location offers excellent visibility and accessibility for your next investment venture. Minutes from I-5. Existing home structure was originally built in 1901 and relocated to the property in 1964. The structure has sustained fire damage and is currently not habitable, presenting an opportunity to rehabilitate, repurpose, or redevelop utilizing the existing footprint. Bring your vision and creativity to this versatile property with endless possibilities. Buyer to verify all information and development potential to their own satisfaction. Bring your agent and check out this investment property.
Full Property Details
Full Property Details for 509 Dehart Dr SE
General
- Price: $445,000
- Status: Active
- Type: Industrial
- Source: NWMLS
- MLS ID: 2522222
- Updated: 5/12/2026
- Added to Site: 1 day(s) ago
Location
- Area: 447 - Olympia North
- County: Thurston
- Subdivision: Eastside Olympia
- Driving Directions: I-5 South exit Pacific Ave; Rt on Pacific; Rt on DeHart
Utilities
- Water: Public
Structural Information
- Structure Type: Unspecified
- Year Built: 1901
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Zoning: Business, Multi-Family, Office, Residential
Financial Considerations
- Terms: Cash
Disclosures and Reports
- Special Conditions: None
- Property ID: 11818321800
Listed by Ashley Larson | Northfork Realty | (360) 701-1652
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Schools
Schools serving 509 Dehart Dr SE
School District:Olympia School District
| Name | Grades | Distance |
|---|---|---|
Olympia Regional Learning Academy B 2400 15th Avenue Southeast, Olympia, WA 98501 | K-5 | 0.6 mi |
Roosevelt Elementary School, Olympia, WA 1417 San Francisco Avenue Northeast, Olympia, WA 98506 | K-5 | 1.3 mi |
Reeves Middle School 2200 Quince Street Northeast, Olympia, WA 98506 | 6-8 | 1.9 mi |
Olympia High School 1302 North Street Southeast, Olympia, WA 98501 | 9-12 | 2.1 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 509 Dehart Dr SE
Date
Details
Price
Change
Source
5/12/2026
Listed
$445,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 509 Dehart Dr SE
Year
Property Taxes
Change
Tax Assessment
Change
2026
$11
-99%
$148,600
2%
2025
$1,541
6%
$146,400
6%
2024
$1,458
6%
$138,700
50%
2021
$1,377
16%
$92,600
-22%
2023
$1,185
-14%
$118,000
11%
2021
$1,377
30%
$106,100
34%
2020
$1,056
12%
$79,200
4%
2019
$943
-24%
$76,100
-17%
2018
$1,236
24%
$91,500
16%
2017
$996
3%
$79,150
—
2016
$971
-1%
$79,500
2%
2015
$978
-88%
$77,750
3%
2014
$8,189
—
$75,450
—
Disclaimer: Historical tax 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 509 Dehart Dr SE
509 Dehart Drive SE, Olympia, WA 98501 (MLS# 2522222) is a Industrial property. 509 Dehart Drive SE is currently listed for $445,000 and was received on May 12, 2026. Want to learn more about 509 Dehart Drive SE? 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.

