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    2600 Martin Way Olympia, WA 98506

    Sponsored
    For Lease
    $17 SF/Yr ($14,628 /Mo)

    High-traffic location, ample parking.

    Lot size:
    10,135 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Arc Plaza, located in Olympia's thriving Submarket, presents a unique investment opportunity. This two-building complex, totaling 10,135 square feet, offers a blend of retail and office space in a multi-tenant configuration. Constructed in 1989, the single-story buildings sit on a 0.67-acre lot (29,185 square feet), providing convenient on-site parking for 25 vehicles. The property's prime location on a high-traffic street ensures excellent visibility and accessibility for businesses. The zoning designation is HDC-3, within Thurston County. The property features no elevators. The convenient location is further enhanced by its proximity to Phoenix Street. This versatile property is ideal for a variety of uses, making it an attractive option for investors seeking a strong return in a desirable market. The property's APN is 11818320500. This is a chance to acquire a well-situated commercial property with significant potential for growth and income generation. The property's size and configuration offer flexibility for various business needs.

    Property Features for 2600 Martin Way

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,135 SF
    Total Rate
    14628.18

    Building Details

    Year Built
    1989
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite B
    Size
    1,350 SF
    Rate per SF
    $17

    HighLights

    • 10,135 SF retail and office space in a multi‑tenant storefront building.
    • 0.67‑acre lot (29,185 SF) in Olympia's submarket.
    • Two single‑story buildings constructed in 1989.
    • 25 total parking spaces on‑site.
    • Located on a high‑traffic street with excellent visibility.
    • Zoned HDC‑3 in Thurston County (APN: 11818320500), near Phoenix Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Skies Beauty Design Beauty Salon Lost and Found Crafts Craft Store Birch & Bliss Beauty ... Nail Salon Washington State Developmental State Government Office Moore Eyecare - Michael ... Eye Care Center

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.86464068749
    Latitude
    47.0460513945

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, ample parking.
    Where is this individual retail property located?
    The property is located at 2600 Martin Way Olympia, WA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 10,135 SF retail and office space in a multi-tenant storefront building.; 0.67-acre lot (29,185 SF) in Olympia's submarket.; Two single-story buildings constructed in 1989.
    Request Owner's contact information
    2600 Martin Way Olympia, WA 98506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2600 Martin Way Olympia, WA 98506
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