Map of Property

521 Capitol Way South

For Sale

521 Capitol Way South, Olympia, WA 98501

This Olympia property for sale is located at 521 Capitol Way South. The general use of 521 Capitol Way South is office and it incorporates 32,343 square feet of class C office space. The current listed sale price for 521 Capitol Way South is $3,250,000. 521 Capitol Way South is situated on a lot that is 0.57 acre in size.

Contacts

broker
Zach Kosturos

Prime Locations

Property Details

  • 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. 

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Getting around

  • 86/100

    Walk Score ®

  • 57/100

    Transit Score ®

  • 81/100

    Bike Score ®

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Location

  • City Olympia, WA
  • Neighborhood Downtown Olympia
  • Zip Code 98501
  • Market Seattle

Points of Interest

  • Capital Aeroporter Airport Shuttle

    2.35 miles

  • Olympia-Lacey

    6.24 miles

  • Fast Fuel

    0.32 miles

  • Marathon

    0.45 miles

  • Chevron

    0.55 miles

  • Blink

    0.58 miles

  • Shell

    0.60 miles

  • Texaco

    1.16 miles

  • bp pulse

    1.46 miles

  • arco

    1.47 miles

  • ChargePoint

    1.59 miles

  • Electrify America

    1.63 miles

  • Diamond - Park Here

    0.21 miles

  • Columbia Garage - State Employees

    0.28 miles

  • WSECU Employee Parking Garage

    0.32 miles

  • WA Health Care Authority Employee Parking

    0.35 miles

  • Truck Dock

    0.35 miles

  • Health Care Authority Parking

    0.39 miles

  • HCA - Visitor (1)

    0.40 miles

  • Customer

    0.43 miles

  • HCA - Customer Parking (3)

    0.45 miles

  • Visitor Parking

    0.49 miles

  • The Governor Hotel, a Coast Hotel

    0.06 miles

  • Olympia Inn

    0.21 miles

  • Capitol Plaza Hotel

    0.22 miles

  • TownePlace Suites Olympia

    0.24 miles

  • Fertile Ground Guesthouse

    0.26 miles

  • Short Stay Lodgings

    0.26 miles

  • DoubleTree by Hilton Olympia

    0.31 miles

  • Ground Inn

    0.40 miles

  • Lighthouse Bungalow

    0.90 miles

  • Swantown Inn Bed and Breakfast

    0.97 miles

  • Compass Rose

    0.06 miles

  • Archibald Sisters

    0.09 miles

  • Sound and Vision Living

    0.14 miles

  • Bayview Thriftway

    0.29 miles

  • Olympia Food Co-op

    1.06 miles

  • Grocery Outlet

    1.21 miles

  • Ralph's Thriftway

    1.28 miles

  • JCPenney

    1.42 miles

  • TJ Maxx

    1.45 miles

  • Capital Mall - Westfield

    1.56 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Zach Kosturos

Prime Locations

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