2600 Martin WayOlympia, WA 98506

Property Details for 2600 Martin Way

Year built

1987

Construction

WOOD FRAME

Lot size

0.67 AC

Property size (Sq ft)

4,073 SF

Property type

Office buildings

APN

1181-83-20500

APU

11818320500

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,102,164

  6.5%

  $1,017,382

  7%

  $944,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,092,232

  Geo Method

  $784,378

• Alternative Use

  Use

  Valuation

  Residential

  $1,261,554

  Hospitality

  $1,155,576

  Educational

  $961,426

  Medical

  $994,491

  Retail

  $1,495,552

Location Insight

City

Olympia

County

Thurston

State

Washington

Latitude

47.0464

Longitude

-122.865

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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