- For Sale $3,250,000
- Property Type Office - General Office
- Property Size 32,343 SF
- Lot Size 0.57 Acre
- # of Floors 3
- Building Class C
- Year Built 1957
- Year Renovated 2013
- Date Updated Jun 12, 2025
Premier commercial property in vibrant downtown Olympia. Ideally situated at 521 Capitol Way, this high-profile site is now available for sale at $3,250,000 or for lease with flexible terms.
Positioned on just over half an acre, this property offers stunning views of Capitol Lake and sits prominently on one of Olympia’s main thoroughfares. With excellent visibility and high traffic exposure, it’s an ideal location for retail, office, or mixed-use development.
The building boasts ample on-site parking, a highly valuable feature in the downtown core, and offers easy access to nearby amenities, government buildings, and the waterfront.
The property is currently vacant.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
-
Walk Score ®
86/100
Very Walkable
-
Transit Score ®
57/100
Good Transit
-
Bike Score ®
81/100
Very Bikeable
- City Olympia, WA
- Neighborhood Downtown Olympia
- Zip Code 98501
- Market Seattle
Points of Interest
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Capital Aeroporter Airport Shuttle
2.35 miles
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Olympia-Lacey
6.24 miles
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Fast Fuel
0.32 miles
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Marathon
0.45 miles
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Chevron
0.55 miles
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Blink
0.58 miles
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Shell
0.60 miles
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Texaco
1.16 miles
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bp pulse
1.46 miles
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arco
1.47 miles
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ChargePoint
1.59 miles
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Electrify America
1.63 miles
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Diamond - Park Here
0.21 miles
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Columbia Garage - State Employees
0.28 miles
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WSECU Employee Parking Garage
0.32 miles
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WA Health Care Authority Employee Parking
0.35 miles
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Truck Dock
0.35 miles
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Health Care Authority Parking
0.39 miles
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HCA - Visitor (1)
0.40 miles
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Customer
0.43 miles
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HCA - Customer Parking (3)
0.45 miles
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Visitor Parking
0.49 miles
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The Governor Hotel, a Coast Hotel
0.06 miles
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Olympia Inn
0.21 miles
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Capitol Plaza Hotel
0.22 miles
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TownePlace Suites Olympia
0.24 miles
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Fertile Ground Guesthouse
0.26 miles
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Short Stay Lodgings
0.26 miles
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DoubleTree by Hilton Olympia
0.31 miles
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Ground Inn
0.40 miles
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Lighthouse Bungalow
0.90 miles
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Swantown Inn Bed and Breakfast
0.97 miles
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Basilico Ristorante
0.03 miles
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Pizzeria La Gitana
0.03 miles
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Asahi Sushi
0.03 miles
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Pho Na ( Saigon Rendezvous)
0.04 miles
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Happy Teriyak
0.04 miles
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Hotstone Authentic Korean Cuisine
0.04 miles
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5th Avenue Sandwich Shop
0.05 miles
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Garcon de Donburi
0.06 miles
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The Mark
0.09 miles
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Waterstreet Cafe
0.10 miles
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WSU Cooperative Extension Energy Program
0.46 miles
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Avanti High School
0.67 miles
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Madison Elementary School
0.74 miles
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Saint Michaels Catholic School
0.76 miles
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Garfield Elementary School
0.92 miles
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Lincoln Elementary School
0.96 miles
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Roosevelt Elementary School
1.21 miles
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Jefferson Middle School
1.44 miles
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Evergreen Christian School
1.47 miles
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Reeves Middle School
1.54 miles
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Play Space
1.46 miles
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Sound to Harbor Friendly Grove Center
2.15 miles
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Cadence Academy Preschool
3.14 miles
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Kindercare Lacey
3.63 miles
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Little Llamas Learning Center
5.86 miles
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Kiddie Academy
6.38 miles
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Tutor Time
6.47 miles
Frequently Asked Questions
The space currently listed for sale at 521 Capitol Way South asks for $3,250,000.
521 Capitol Way South totals 32,343 square feet.
521 Capitol Way South was built in 1957.
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