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$1,725,000 -$75,000 (-4.17%) 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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Here's your chance to own one of the most iconic buildings in downtown Olympia, prominently located on a .17-acre corner lot across the street from City Hall. This 8,400 SF Gothic Revival influenced masterpiece, clad in warm terra-cotta tile, was designed by the renowned Joseph Wohleb and built by the Titus family. Its historic uses include auto dealerships, retail, and most recently a thriving restaurant/bar. Zoned Retail - Food Downtown Business, it features 6,136 SF restaurant space, 1,200 SF office, 1,064 SF warehouse space, two walk-in coolers, commercial vent hoods, a Wood Stone wood fired pizza oven, HVAC, fire protection, and security systems. This prime historic location offers flexible use, ideal for investors or owner-occupants.

Full Property Details for 520 4th Ave E

General

  • Price: $1,725,000
  • Taxes: $13,824 (2025)
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2455186
  • Updated: 3/20/2026
  • Added to Site: 104 day(s) ago

Interior

  • Flooring: Ceramic Tile, Concrete, Softwood, Vinyl, Vinyl Plank

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 right.

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Forced Air, Heat Pump
  • Heating Type: Forced Air, Heat Pump

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Unspecified
  • Exterior Const.: Cement/Concrete, See Remarks
  • Foundation: Poured Concrete, Slab
  • Roof: Composition, Torch Down
  • Ceiling Height: 16'
  • Loading: 10' Doors, 1-3 Bays
  • Office: 1,200 Sq. Ft.
  • Warehouse: 1,064 Sq. Ft.
  • Year Built: 1927
  • Property Condition: Good

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405
  • Topography: Level
  • Zoning: Business, Commercial, Retail, See Remarks

Financial Considerations

  • Tax Amount: $13,824
  • Tax Year: 2025
  • Terms: Cash, Conventional, Lease Purchase, Owner Will Carry, See Remarks

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 78605300400

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

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Schools serving 520 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
Olympia Regional Learning Academy B
2400 15th Avenue Southeast, Olympia, WA 98501
K-51.4 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
9-121.9 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 520 4th Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/20/2026
Price Reduced
$1,725,000
-4.17%
MLS
12/08/2025
Listed
$1,800,000
—
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 520 4th Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2026
$11
-100%
$1,549,600
17%
2025
$13,824
-1%
$1,320,400
6%
2021
$13,907
-22%
$1,250,500
-30%
2023
$17,762
28%
$1,782,800
65%
2021
$13,907
25%
$1,078,500
28%
2020
$11,146
4%
$843,100
-3%
2019
$10,694
-16%
$871,400
-8%
2018
$12,804
8%
$951,300
—
2017
$11,809
21%
$946,650
18%
2016
$9,726
-2%
$803,000
1%
2015
$9,896
-13%
$792,550
-11%
2014
$11,403
—
$893,050
—
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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520 4th Avenue E, Olympia, WA 98501 (MLS# 2455186) is a Industrial property. 520 4th Avenue E is currently listed for $1,725,000 and was received on December 08, 2025. Want to learn more about 520 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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