8230 Martin Way E, Lacey, WA 98516
- Retail space
- 15,698 SF
- 1.89 lot acres
Current Use by Public Records
- Retail space
Property Details for 8230 Martin Way E
- Year built
- 1999
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.89 lot acres
- Property type
- Retail space
- APN
- 6542-00-00100
- APU
- 65420000100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 7, 2022 | $5,500,000 | Epl Federal LLC | Warner Business Center 1 LLC | Warranty Deed | $2.3M · Advantis Cu |
| Mar 10, 2020 | $4,669,000 | Warner Business Center 1 LLC | Zentner Trust | Grant Deed | — |
| Jul 16, 2018 | — | Joan Zenther | — | Deed · related | $1.9M · Bank Of Ny Mellon |
| Oct 17, 2003 | $4,075,000 | Zentner,tr | Baldridge-hawks Prairie LLC | Grant Deed | $1.9M · Washington Capital Joint Maste |
| Nov 1, 2001 | — | Lamar Corp | Rainier Evergreen INC | Quit Claim Deed · related | — |
| — | — | Joan Zentner | — | Loan Modification · related | $1.9M · Bank Of Ny Mellon Trust Co (te |
| — | — | Joan Zenther | — | Loan Modification · related | $1.9M · Bank Of Ny Mellon |
Description
This exceptional retail property, located at 8230 Martin Way E in Lacey, Washington, presents a unique investment opportunity. The former Rite Aid building boasts a substantial 15,698 square feet of space, situated on a generous 1.89 acres of land in Thurston County. Its prime location within the Hawks Prairie area of Lacey ensures high visibility and excellent accessibility for customers. The property benefits from ample parking, a significant advantage for retail operations, and a convenient drive-through feature, further enhancing its appeal and functionality. The single-tenant configuration offers simplicity and potential for a variety of retail uses. The building's size and features make it suitable for a wide range of businesses seeking a prominent presence in a thriving commercial area. The property's address is 8230 Martin Way E, Lacey, WA 98516. This location offers exceptional visibility and convenient access for customers, making it an ideal space for a business seeking to establish a strong presence in the Lacey market. The property's size and features make it a compelling opportunity for businesses seeking a high-traffic location with ample parking and a drive-through. The property is classified as retail, with a single-tenant occupancy. The zip code is 98516.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,755,000
- ML approach
- $4,750,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,873,000
Market price range: $3.17M - $9.31M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $6,320,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $8,115,000 Change: +28% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lacey
- County
- Thurston
- State
- Washington
- Longitude
- -122.766
- Latitude
- 47.0571
- CBSA code
- 36500
- CBSA name
- OLYMPIA, WA METROPOLITAN STATISTICAL AREA
