9105 Martin Way E

    Olympia, WA 98516
    • $2,350,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 1436587
    UPDATED: 53 min ago
    $2,350,000
    • 0
      BEDS
    • 0.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2004
    County:

    School Ratings & Info

    Listing Courtesy of Brown Mcmillen Real Estate.

    Description

    Very successful Car Wash & Drive Thru Espresso Business fronting on Martin Way East, which currently has a car count of over 40,000 vehicles daily. Several hundred new apartment units have been built within a one mile radius of this property in the past few years and more are planned. Featuring 2 Touch-Free Automatic Bays, 4 Self- Serve bays, plus vacuum stations etc. The Drive-Up Coffee/Espresso business has many loyal customers. Listed at an 11% Cap Rate based on actual 2018 Net Income.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Deol Group | Katrina Eileen Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-22T15:17:00.6.

    www.thedeolgroup.com/homes/93502298

    9105 Martin Way E Olympia, WA 98516

    • Price: $2,350,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 1436587
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.85
    Acres
    2004
    Built
    Neighborhood:
    Olympia
    County:
    Thurston
    Area:
    Hawks Prairie
    Property Description
    Very successful Car Wash & Drive Thru Espresso Business fronting on Martin Way East, which currently has a car count of over 40,000 vehicles daily. Several hundred new apartment units have been built within a one mile radius of this property in the past few years and more are planned. Featuring 2 Touch-Free Automatic Bays, 4 Self- Serve bays, plus vacuum stations etc. The Drive-Up Coffee/Espresso business has many loyal customers. Listed at an 11% Cap Rate based on actual 2018 Net Income.
    Exterior Features

    Building Condition Good Construction Methods Steel & Concrete Exterior BrickCement/Concrete Foundation Poured ConcreteSlab Lot Depth 192 Lot Dimensions 200 X 192 Lot Topography And Vegetation Level Roof Composition Site Frontage 200 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 6 Total Uncovered Parking Spaces 30 Waterfront Footage 4060

    Interior Features

    Building Sq Ft 4368 Ceiling Height 12 Floor Covering Concrete Heating And Cooling Tankless Water Heater Office Sq Ft 308 Total Sq Ft Rented 0

    Property Features

    Assessed Value Improvements 436400 Assessed Value Land 385800 Assessed Value Total 822200 Assessed Value Year 2018 Available Pads 0 Bank Owned No Boundary Survey 11.00 Cap Rate Y Commercial Features Signage IncludedStorage Electrical Expenses 6670 Energy Source ElectricNatural Gas Environment Survey N EPSEnergy 0 Expansion Area N Form17 Provided Free And Clear N General Zoning Classification Commercial Gross Adjusted Income 921269 Gross Rent Multiplier 3 Gross Scheduled Income 921269 Heating Expenses 3060 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4341 Lot Number 1 Net Operating Income 259408 Other Expenses 578835 Pad Ready N Possession Closing Power Company P.S.E. Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Lacey Tax Amount 9784 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 661861 Total Expenses TEX 661861 Total Monthly Rent 0 Vacancy Rate 0 Water Company City Of Lacey Water Sewer Garbage 59171 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Deol Group | Katrina Eileen Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Deol Group | Katrina Eileen Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-22T15:17:00.6.

     
    The Deol Group | Katrina Eileen Real Estate
    701 Fifth Avenue
    Seattle WA, 98104
    Listing Courtesy of Brown Mcmillen Real Estate.