3910-3912 Martin Way Olympia, WA 98506
- Retail properties
- 16,468 SF
Current Use by Public Records
- Retail properties
Property Details for 3910-3912 Martin Way
- Year built
- 2006
- Property size
- 16,468 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional Lacey, WA investment opportunity features two high-quality buildings totaling 16,468 square feet, constructed in 2006. The property, located at 3910-3912 Martin Way East (APN 11817242100), boasts a prime location on a busy thoroughfare, offering convenient proximity to Providence Hospital and I-5 access. One building houses long-term tenants (6,113 SF) providing stable investment income, while the second building (9,325 SF) features month-to-month tenants, presenting an ideal scenario for an owner-user seeking immediate occupancy. Both buildings are equipped with new HVAC units. The asking price is $4,200,000, translating to $255.04 per square foot. Abundant parking is available. The property's dual-building structure allows for the potential sale of each building individually, offering flexibility for future investment strategies. This versatile property is suitable for a variety of uses, including retail and medical office space, making it a compelling investment prospect in a thriving Thurston County market. The zip code is 98506.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.839
- Latitude
- 47.0479
