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About the Listing 362 - 132813,32517
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: 90%+ High Efficiency
- Fireplaces: 0
- Floor: Vinyl,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Olympia
Exterior Details
- Lot Description: Zoning: Business,Commercial,Multi-Family,Office,Retail
- Garage Capacity: N/A
- Parking Spaces: 10
- Zoning: Business,Commercial,Multi-Family,Office,Retail
- Roof: Composition
- Others: Brick,Wood Products,Good
- Sewer: City of Olympia
Financial Details
- Tax Amount: $13,150
- Taxes w/Assessments: N/A
- Tax/Property ID: 68100300100
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
115 Eastside St NE Olympia, WA 98506
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