Capitol Way Office Building

521 Capitol Way South, Olympia, WA 98501

Property Information

  • For Lease $10.00 - $15.00/SF/YR
  • Property Type Office - General Office
  • Property Size 32,343 SF
  • Lot Size 0.58 Acre
  • Parking Spaces Avail. 48
  • Parking Ratio 1.51 / 1,000 SF
  • Property Tenancy Vacant
  • Building Class C
  • Year Built 1957
  • Date Updated Apr 17, 2026

1 Space Available

Full Building

Space Type

General Office

Lease Rate

$10.00 - $15.00/SF/YR

Total Space

32,343 SF

Additional Rent

$7.50/SF/YR

Divisible Space

10,871 - 32,343 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Premier commercial property in vibrant downtown Olympia.? Ideally situated at 521 Capitol Way, this high-profile site is now available for lease or sale 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.? Tenant improvements are negotiable for lease agreements, offering flexibility to customize the space to meet specific business needs.? 

Contacts

Zach Kosturos

Prime Locations

Location

Located at 521 Capitol Way South, Olympia, WA 98501, this property is part of the Downtown Olympia neighborhood and Seattle market.

Contact Listing Broker
Zach Kosturos

Prime Locations

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