True
Space Available For Lease 1
Full Building |
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.? 
Zach Kosturos
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Contacts
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Property Details
- 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 Jul 18, 2025
Reach out to the broker for more info on lease terms and amenities
Getting around
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86/100
Walk Score ®
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57/100
Transit Score ®
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81/100
Bike Score ®
Location
- 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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Compass Rose
0.06 miles
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Archibald Sisters
0.09 miles
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Sound and Vision Living
0.14 miles
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Bayview Thriftway
0.29 miles
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Olympia Food Co-op
1.06 miles
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Grocery Outlet
1.21 miles
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Ralph's Thriftway
1.28 miles
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JCPenney
1.42 miles
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TJ Maxx
1.45 miles
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Capital Mall - Westfield
1.56 miles
521 Capitol Way South Listing Brief
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Leasing rates here can depend on a variety of factors, including the quality rating of the property (property class or building class), the position of the available space within the building, any unique attributes that the listed space may include, as well as on the availability of on-site or nearby amenities. Reach out using the contact form available on this page to schedule a tour or to get more detailed information on the most modern facilities and amenities that 521 Capitol Way South has to offer.
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The property offers a parking ratio of 1.51 / 1,000 SF, which translates to a total of 48 parking spaces. See the listing area details for information and ratings regarding the degree of walkability in the neighborhood, the accessibility and frequency of public transit options, as well as the level of availability and quality of biking infrastructure in the area. What’s more, you can use the interactive map for a good overview of the area. Location details also include a breakdown of distance from the property to several essential amenities and points of interest, which may include parking facilities, fuel stations, stores, or hotels.
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This property is in the Downtown Olympia neighborhood of Olympia and located within zip code 98501.
521 Capitol Way South was originally completed in 1957 and is rated class C. The building includes 32,343 square feet, of which 32,343 square feet is rentable office space.
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.
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