7131-7269 Martin Way E - Freestanding FOR SALE


Olympia, WA 98516
$11,500,000 USD
253-307-2244
7131-7269 Martin Way E, Olympia, WA for Sale
$11,500,000 USD
Freestanding - FOR SALE
1/7
null | 5.49% Cap Rate

7131-7269 Martin Way E
Olympia, WA 98516


HIGHLIGHTS

  • 25 units between 43,873 sf RBA
  • Strategic Lacey location
  • 100% occupancy
  • High visibility signage, including pylon opportunities facing the corridor
  • Excellent parking ratio and ease of ingress/egress from Martin Way
  • Multi-tenant layout suitable for a diverse mix of retail, services and dining operators

OVERVIEW

Introducing a prime commercial investment opportunity in Lacey! This premier property, located at 7131 - 7269 Martin Way East, boasts a 44,603 SF building with 25 units, offering versatility and potential for an array of retail operations. This well-maintained property features 100% occupancy and is strategically zoned MHDC. With its strategic location in Lacey, this property presents an exceptional opportunity for the astute retail investor seeking a stable and profitable addition to their portfolio. The property is prominently situated along Martin Way East, one of the South Puget Sound’s busiest east–west retail and commercial corridors within the Lacey Urban Center near the Lacey/Olympia boundary in Thurston County, Washington. This location benefits from strong daily traffic exposure and excellent connectivity to local residential neighborhoods, regional arterials and Interstate 5, making it a highly visible and accessible retail node. The surrounding area features a dense mix of established retail, services, restaurants, and community amenities, with numerous shopping centers, grocery anchors and household destinations nearby. The site is also served by local transit routes and benefits from strong pedestrian activity along the Martin Way commercial stretch.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

5.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lacey Urban Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

214

LAND DETAILS

LAND ACRES

4.66 AC

LAND SF

202,990 SF

ZONING

MHDC

APN/PARCEL ID

78801200000

ASK ABOUT THIS PROPERTY

Tia YeoTop AgencyMore Info
253-307-2244

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Tia YeoTop AgencyMore Info
253-307-2244

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