1931 4th Ave E
Olympia WA 98506
1931 4th Ave E
1931 4th Ave E Olympia WA 98506
Listing #: 696194 | Status: Available | Last Modified: 11/21/2025 |
For Sale
Joni Baker
- Phone:(360) 789-4290
- Email:Joni@premiercommercialnw.com
- Office Name:BHGRE Commercial Premier NW
- Office Phone:(360) 529-0343
- Office Website:
Jacki Nelson
- Agent Phone:(360) 584-6583
- Agent Email:jacki@premiercommercialnw.com
April Kelley
- Agent Phone:(360) 508-2502
- Agent Email:april@premiercommercialnw.com
Showing Instructions
- Call Listing AgentNo
- Use DiscretionNo
Price Information
- Listing Price$ 2,413,000.0
- $/SF$ 933.1
- $/Unit$ 2,413,000.0
- Listing StatusAvailable
- Days on Market227
- Asset ClassRetail, Multi-Family
- Terms
Investment Information
- Investment Type
- Investment PropYes
- Gross Income168,545
- Vacancy Factor %0.00%
- Operating Expenses15,836
- Net Operating Income152,709
- CAP Rate 6.33 %
Detail Listing Information
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
Utilities
- Water
- Electricity
- Storm Sewer
Retail Information
- SignageSignage on Building and Freestanding
- Anchor
Retail Asset Class Info
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
Financial Summary
- CAP Rate 6.33 %
Associated Files
Building Information
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF2586
- Net Rentable Area2586
- Total Office SF
- Largest Contiguous SF
- Lot SF6098
- Acres0.14
Property Type
- Property TypeRetail
- Office Type
- Building ClassB
Location
- CountyThurston
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaOlympia
- Tax ID #47100100700
- Additional Parcels
- ZoningHDC-2
Construction
- Year Built1930
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
4th Ave Retail
Public Comments
Two fully leased income properties on busy 4th Ave in Olympia — the Trek Bicycle retail store with a new lease extension plus an income generating duplex. Strong financials, a 6.33% cap rate, and long-term tenants make this a reliable, turnkey mixed-use investment in a prime Eastside location.
Listing Images
