7011 Martin Way E, Olympia, WA 98516
- $1,535,000
Listing courtesy of John L. Scott Lacey. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $1,535,000
- List Price
- $1,650,000
- Status
- SOLD
- MLS#
- 2372834
- Closing Date
- Jul 18, 2025
- Days on Market
- 11
- Annual Tax Ammount
- 14579.38
- Internet Provider
- Comcast/Xfinity
Property Description
Prime Automotive Business Park on Martin Way, fully occupied by six leased automotive businesses and one studio/office. Two steel-framed buildings (built in 1982 & 1999) insulated, and heated. Multiple roll-up doors (12'x12' and 10'x12') support automotive use, with some lifts and equipment included. The listing includes two separate tax parcels (#11815121702 & #11815121703), allowing for future flexibility. Ample, gated and secure parking with excellent visibility enhance the appeal of this high-demand investment opportunity!
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Additional Information
- Community
- Hawks Prairie
- Building Condition
- Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1982
- Roof
- Metal
- Tax Year
- 2025
- Potential Terms
- Cash Out, Conventional
- Flooring
- Concrete
- Driving Directions
- Google/Apple maps will take you right to the property, no sign on-site.
- Energy Source
- Electric, Propane
- Net Operating Income
- $131,661
- Gross Adjusted Income
- $151,800
- Gross Scheduled Income
- $151,800
- Water/Sewer/Garbage Expenses
- $5,559
- Cap Rate
- 8
- Total Expenses
- $20,138
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.