$929,600
( )
 $4,990 est/mo Sourced by Back At You

115 Eastside Street,Olympia, WA 98506

Olympia, WA 98506

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Description

Exceptional redevelopment and investment opportunity in the heart of Olympia. Ideally located just 6 minutes from the Washington State Capitol, this General Commercial-zoned property offers outstanding flexibility for a wide range of commercial, residential, and mixed-use possibilities. Situated on 0.24 acres, the property includes two separate buildings totaling over 5,500 square feet, making it ideal for an owner-user, investor, or developer seeking income-producing potential. The 936 SF cottage can function as a private residence, executive office, or administrative space and includes an additional 936 SF basement providing abundant storage or workspace. This versatile building also offers excellent potential for supplemental rental income. The larger 3,712 SF commercial building, formerly a fully operational veterinary clinic, features 2,104 SF on the main floor and 1,608 SF on the second level, complete with a vaulted flex space and full bathroom. The flexible floor plan lends itself to professional offices, medical or wellness uses, educational facilities, or creative workspaces. With General Commercial zoning, existing infrastructure, four on-site parking spaces plus ample street parking, and preliminary potential for conversion into multiple residential units (approximately 3-bedroom, 2-bedroom, and 1-bedroom configurations-buyer to verify), this property presents an exceptional opportunity for adaptive reuse or future redevelopment.

Details

MLS #2562553
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusActive
Year2013
Days On Site24
Listing Provided ByMorrison House Sotheby's Intl | Christina Keller

Features

ZoningBusiness,Commercial,Multi-Family
Acreage0.24

Taxes

Property13150

Area Information

StateWA
CountyThurston
CityOlympia
Zip Code98506
Area447 Olympia North
Community NameEastside Olympia
Listing VS Median (in Eastside Olympia)
Price:
$929,600
low | high
Med:
$479,000
98.472461273666% of Average
On site:
24
low | high
Med:
15
100% of Average
Sourced by Back At You

Market Activity 98506

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Learn More About This Property

StateWA
CountyThurston
CityOlympia
Zip Code98506
Area447 Olympia North
Community NameEastside Olympia
Listing VS Median (in Eastside Olympia)
Price:
$929,600
low | high
Med:
$479,000
98.472461273666% of Average
On site:
24
low | high
Med:
15
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $697K - $1.162M
sqft: 0 - 0
Listing Updated: August 17, 2026 at 12:24:28 PM PDT