2607 Martin Way E - Storefront Retail/Office FOR SALE


Olympia, WA 98506- North Olympia
$1,300,000 USD
360-800-5808
2607 Martin Way E, Olympia, WA for Sale
$1,300,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 7.92% Cap Rate

2607 Martin Way E
Olympia, WA 98506
North Olympia


HIGHLIGHTS

  • Highly Visible Corner on busy stretch of Martin Way
  • Ample Parking
  • Furnished Suite 102

OVERVIEW

Investment Property on Martin Way – 87% Occupied with Income Stability and Growth Potential Two-story office building on a high-visibility corner lot along Martin Way, featuring tall monument signage, ample parking, and an auxiliary parking lot for added convenience. Located just minutes from I-5 at Pacific Avenue Exit 107, this property offers excellent accessibility for tenants and visitors. Stabilized Rent income of $212,018. Currently 87% occupied, the second floor is fully leased on long-term agreements, while the ground floor includes two tenants and one vacant office suite—ideal for an owner-user or additional leasing upside. Partial seller financing is available, making this an attractive opportunity for investors seeking flexible terms. The site is in the testing phase of a Department of Ecology cleanup (Site ID No. 15168) for PCE in soil/groundwater, with monitoring underway.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

7.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2607 Martin Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

HDC-3, HDC-4

APN/PARCEL ID

11818320900

ASK ABOUT THIS PROPERTY

Ian ZarosinskiThe Rants GroupMore Info
360-800-5808

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Ian ZarosinskiThe Rants GroupMore Info
360-800-5808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.