Property Details
5580 Martin Way E
Lacey, WA 98516
$2,900,000
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Property Overview
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.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Thurston
Neighborhood
Lacey
Listed
Jan 23, 2026
Original Price
$3,750,000
Financial Summary
Cap Rate
6.00%
Net Operating Income
$232,111
Total Expenses
$19,889
Total Actual Rent
$21,000/mo
Building & Use
Building Sq Ft
6,402
Sq Ft Rented
6,402
Zoning
Business
Possible Use
Business
Lot Size
1.18 acres
Year Built
1994
Exterior & Lot
Lot Size
1.18 sqft
Year Built
1994
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood Products
Location
City
Lacey
County
Thurston
Coordinates
47.04993, -122.81048
Additional Information
Tax Year
2025
Annual Taxes
$19,889
Possession
Array
Based on information submitted to the MLS GRID as of May 13, 2026 4:15 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively 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. Copyright 2026 NWMLS. All rights reserved.
