5580 Martin Way E Lacey, WA ^$ 3,750,000

5580 Martin Way E

^$ 3,750,000

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Recently Listed

5580 Martin Way E

Lacey, WA, 98516

^$ 3,750,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 23,089

Listed by Commencement Bay Brokers LLC

5580 Martin Way E, Lacey, WA 98516 - Image 1

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5580 Martin Way E, Lacey, WA 98516 - Image 3

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5580 Martin Way E, Lacey, WA 98516 - Image 5

5580 Martin Way E, Lacey, WA 98516 - Image 6

5580 Martin Way E, Lacey, WA 98516 - Image 7

5580 Martin Way E, Lacey, WA 98516 - Image 8

5580 Martin Way E, Lacey, WA 98516 - Image 9

5580 Martin Way E, Lacey, WA 98516 - Image 10

5580 Martin Way E, Lacey, WA 98516 - Image 11

5580 Martin Way E, Lacey, WA 98516 - Image 12

5580 Martin Way E, Lacey, WA 98516 - Image 13

Commercial Property for sale in Lacey, WA

for $3,750,000. This building was built in 1994 on a lot size of 1.1784.

Standalone Restaurant Building with Large Lot and Plenty of Parking! This full service restaurant building hosts a long term tenant with a long standing restaurant business. The floorplan features a large buffet area, multiple seating areas, including two different banquet areas capable of hosting large groups. Featuring multiple storage areas, large production kitchen, walk-in refrigerators, and walk-in deep freezer. Opportunity knocks.

Commercial Active

Price

^$ 3,750,000

Property Type

Commercial

Taxes

^$ 19,889

Style

Comm Bldg Und 10K

Lot Size

1.1784

Year Built

1994

Town/City

Lacey

County/Region

Thurston

MLS | Web ID

2469874

Features

General

Living Area 0

Sewer Sewer Connected

Heating 90%+ High Efficiency

Cooling Central A/C

Possession Subject to Tenant Rights

Roof Composition

HOA Fee 0

Year Built 1994

Topography Level

Property Subtype Commercial Industrial

Tax Year 2025

County Thurston

Net Operating Income 232111

Property Type Commercial Sale

HOA N

Subdivision Name Lacey

Possible Use Business

Special Listing Conditions See Remarks

Status Active

Directions From I-5 take Exit 109 toward Martin Way / College Street / Sleater-Kinney Road North. Turn East onto Martin Way East. Property located on North side of Martin Way East.

City Lacey

Senior Community Y/N N

Zoning Description Business

MLS Area 450 - Lacey

Lot Size Units Square Feet

Lot Size Square Feet 51330

Carport Y/N N

Listing Terms Cash Out Conventional

Tax Annual Amount 19889

Public Remarks Standalone Restaurant Building with Large Lot and Plenty of Parking! This full service restaurant building hosts a long term tenant with a long standing restaurant business. The floorplan features a

Structure Type Unspecified

Building Area Units Square Feet

Standard Status Active

Water Company City of Lacey

Total Actual Rent 21000

Property Style 60 - Comm Bldg Und 10K

Cap Rate 6

Exterior

Exterior Amenities Wood Products

Water Source Public

Total Parking 58

Foundation Details Slab

Building Area Total 0

Lot Size Acres 1.1784

Irrigation Water Rights Y/N N

Site Frontage 263

Parking Uncovered Total 58

Interior

Flooring Ceramic Tile Carpet

Total Fireplaces 0

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Power Production Type Natural Gas

Baths Three Quarter Upper 0

Bedrooms Upper 0

Baths Half Upper 0

Baths Full Upper 0

Internal Only

OriginalMLSID NWM2469874

Street Number 1 5580

* Excluded Features

List By

Joseph Romero

Listing Agent

Commencement Bay Brokers Llc

Broker

Affordability Calculator

$24,747

Per Month

Monthly Principal & Interest: $23,089
Monthly Property Taxes: $1,657
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lacey, WA

Average List Price ^$2,548,429

Percent of Sale Price 32%

About Lacey, WA

50,197 Population

51% Since 2002

^$61,067 Median Income

37.45 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

258624 Elementary School

258775 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/23/2026	$3,750,000		Listed Price

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5580 Martin Way E, Lacey, WA, 98516 is a Commercial Property for sale at $3,750,000 with a lot size of 1.1784. 5580 Martin Way E was built in 1994. The property's zip code is 98516 which is in Lacey, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Northwest Multiple Listing Service

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northwest Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/27/2026.

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5580 Martin Way E

Commercial Property for sale in Lacey, WA

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