Rockhood
$2,200,000List price
Active

302 304 4th Avenue E · Olympia, WA 98501

Source: NWMLS · John L. Scott, Inc · Terry Vo #NWM2550358

About this home

Exceptional investment opportunity in the heart of Downtown Olympia's Creative District. This historic mixed-use commercial building is occupied with eight established tenants, providing a diversified income stream from street-level retail, artist lofts, music studios, and office space. Located on the prominent corner of 4th Avenue and Franklin Street, the property offers approximately 180 feet of high-visibility frontage with strong pedestrian and vehicle traffic, metered street parking, and a public parking lot directly across the street. Less than one mile from the Washington State Capitol Campus, the property benefits from a strong daytime workforce, surrounding restaurants, retail, entertainment, and continued downtown revitalization. Situated within a federally designated Opportunity Zone, this asset offers potential tax advantages for qualified investors and significant long-term upside through rental growth, capital improvements, repositioning, or future redevelopment, subject to buyer verification.The established tenant mix has created a vibrant destination within Downtown Olympia while providing stable occupancy and consistent cash flow. A rare opportunity to acquire a well-positioned commercial asset with exceptional visibility, strong in-place income, and outstanding long-term investment potential in one of Olympia's premier commercial corridors. Ideal for investors seeking a stable asset with future appreciation potential in a highly desirable downtown location.

Location

Basics

Property type
Commercial Industrial
Style
Comm Bldg Und 10K
Condition
Average
Year built
1928
Lot size
4,915 sq ft (0.11 acres)
County
Thurston
MLS #
NWM2550358

Interior

Heating
Forced Air
Cooling
Forced Air
Flooring
Concrete, Hardwood, Softwood

Exterior & lot

Exterior features
Stucco
Roof
Torch Down
Foundation
Slab
Topography
Level

Utilities

Water
Public
Sewer
Sewer Connected
Power
Electric, Natural Gas

Community & fees

Subdivision
Olympia
Property tax
$8,525 (2026)

Transaction

Listed on
Jul 9, 2026
Days on market
73
Listing terms
Cash, Conventional
Possession
Closing, Negotiable, Subject To Tenant Rights

More homes nearby

Schools

High
Olympia High School
SchoolDigger 5 stars · Top 7% in WA

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Listing provided courtesy of: John L. Scott, Inc

Listing agent: Terry Vo.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-07-09.