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$11,000,000 Just Listed

  • For Sale
  • Active
  • Retail
  • Updated 14 hours ago

Listed by Hae Kyoung Cho | Best Choice Realty LLC | (206) 886-3986

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Excellent opportunity to acquire Lacey Urban Center, a well-established multi-tenant retail center located along the highly traveled Martin Way E corridor. The property features approximately 44,603 SF of building area on approximately 4.66 acres with 214 parking spaces. Currently 100% occupied with a diverse mix of restaurant, retail, service, and professional tenants. Strong visibility, convenient access, ample parking, and established surrounding residential and commercial development make this a highly desirable investment property. Conveniently located near I-5, JBLM, Hawks Prairie, and major retail and employment centers. Don't miss this opportunity to own a fully occupied retail center in a prime Lacey location.

Full Property Details for 7131 Martin Way E

General

  • Price: $11,000,000
  • Status: Active
  • Type: Retail
  • Source: NWMLS
  • MLS ID: 2591309
  • Updated: 10/9/2026
  • Added to Site: 5 day(s) ago

Parking

  • Uncovered Spaces: 214

Location

  • Area: 450 - Lacey
  • County: Thurston
  • Subdivision: Tanglewilde
  • Driving Directions: From I-5, take Exit 111 toward Marvin Rd. Head south on Marvin Rd, then west on Martin Way E. Property is located on Martin Way E at Lacey Urban Center.

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Retail
  • Year Built: 1962

Lot Features

  • Lot Size (Acres): 4.66
  • Lot Size (Sq. Ft.): 202,990
  • Lot Size Source: Public Records
  • Topography: Level
  • Zoning: Commercial, Retail

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 78801200000

Listed by Hae Kyoung Cho | Best Choice Realty LLC | (206) 886-3986

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 7131 Martin Way E

School District:North Thurston Public Schools
NameGradesDistance
Lydia Hawk Elementary School
7600 5th Avenue Southeast, Lacey, WA 98503
K-50.4 mi
Nisqually Middle School
8100 Steilacoom Road Southeast, Lacey, WA 98503
6-80.9 mi
River Ridge High School
350 River Ridge Drive Southeast, Lacey, WA 98513
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7131 Martin Way E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/05/2026
Listed
$11,000,000
189.47%
MLS
9/15/2015
Sold
$3,800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7131 Martin Way E

Year
Property Taxes
Change
Tax Assessment
Change
2026
$82,182
11%
$7,461,400
12%
2025
$74,125
8%
$6,683,600
32%
2021
$68,730
-1%
$5,077,300
-24%
2023
$69,157
1%
$6,689,300
31%
2021
$68,730
5%
$5,124,100
3%
2020
$65,283
26%
$4,995,400
16%
2019
$51,993
-32%
$4,292,300
-19%
2018
$76,264
5%
$5,278,500
—
2017
$72,779
28%
$5,253,700
29%
2016
$56,877
-3%
$4,075,600
-1%
2015
$58,666
-2%
$4,118,050
-5%
2014
$59,633
—
$4,333,650
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Hae Kyoung Cho | Best Choice Realty LLC | (206) 886-3986

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7131 Martin Way E, Olympia, WA 98516 (MLS# 2591309) is a Retail property. 7131 Martin Way E is currently listed for $11,000,000 and was received on October 05, 2026. Want to learn more about 7131 Martin Way E? Do you have questions about finding other Retail real estate for sale in Olympia? You can browse all Olympia real estate or contact a Coldwell Banker agent to request more information.

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