420 Capitol WayOlympia, WA 98501

For Sale
$825,000

Prime Capitol Way location, 6,291 SF, $825,000

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 6,291 square foot restaurant space at 420 Capitol Way S in Olympia, Washington, presents a unique investment opportunity. Built in 1883, the property boasts significant character, including soaring brick walls and a vault, remnants of its former life as the Talcott Jewelry Store. The main floor, zoned DB, offers ample space for a thriving restaurant business, with a compelling price per square foot of $139.09. The asking price for this turnkey property is $825,000. Above the main floor lies 3,240 square feet of former living space, ripe for renovation into additional living quarters or office space. Recent upgrades include a new roof, heat pumps, and electrical panels, ensuring modern functionality within this historic building. The property's location on Capitol Way in Olympia, Thurston County, WA 98501 (APN 78501400701), provides excellent visibility and accessibility. This is a rare chance to acquire a landmark building with immense potential in a vibrant downtown setting. The property's rich history and substantial square footage make it an ideal canvas for a creative entrepreneur seeking a unique and established location.

Highlights

  • 6,291 SF restaurant space at 420 Capitol Way S, Olympia, WA.
  • $825,000 asking price; $139.09/SF.
  • DB-zoned main floor, plus 3,240 SF of upper-level space for renovation.
  • Historic building (1883) with character features including brick walls and a vault.
  • Recent upgrades include roof, heat pumps, and electrical panels.
  • Excellent visibility and accessibility on Capitol Way in downtown Olympia.

Property Details for 420 Capitol Way

Property type
Other retail properties, Restaurants
Square Feet
6,291 SF
Year Built
1883

Location Insight

City
Olympia
County
Thurston
State
Washington
Latitude
47.044267
Longitude
-122.9012357
420 Capitol Way, Olympia, Washington

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420 Capitol Way
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