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$3,250,000 -$500,000 (-13.33%) Price Reduced

  • For Sale
  • Active
  • Industrial
  • Updated 2 days ago

Listed by Joseph Romero | Commencement Bay Brokers LLC | (253) 851-2897 and Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897

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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.

Full Property Details for 5580 Martin Way E

General

  • Price: $3,250,000
  • Taxes: $19,889 (2025)
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2469874
  • Updated: 3/3/2026
  • Added to Site: 41 day(s) ago

Interior

  • Flooring: Ceramic Tile, Carpet

Parking

  • Uncovered Spaces: 58

Location

  • Area: 450 - Lacey
  • County: Thurston
  • Subdivision: Lacey
  • Driving 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.

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: 90%+ High Efficiency

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Unspecified
  • Exterior Const.: Wood Products
  • Foundation: Slab
  • Roof: Composition
  • Year Built: 1994

Lot Features

  • Lot Size (Acres): 1.1784
  • Lot Size (Sq. Ft.): 51,330
  • Lot Size Source: Public Records
  • Lot Depth: 176
  • Topography: Level
  • Zoning: Business

Financial Considerations

  • Tax Amount: $19,889
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: See Remarks
  • Surveyed: false
  • Property ID: 61340000800

Listed by Joseph Romero | Commencement Bay Brokers LLC | (253) 851-2897 and Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897

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NMLS#: 1598647

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Schools serving 5580 Martin Way E

School District:North Thurston Public Schools
NameGradesDistance
Lacey Elementary School
1800 Homann Drive Southeast, Lacey, WA 98503
K-51.4 mi
Salish Middle School
8605 Campus Glen Drive Northeast, Lacey, WA 98516
6-83.3 mi
North Thurston High School
600 Sleater Kinney Rd NE, Lacey, WA 98506
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5580 Martin Way E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/03/2026
Price Reduced
$3,250,000
-13.33%
MLS
1/23/2026
Listed
$3,750,000
212.5%
MLS
1/15/2020
Sold
$1,200,000
—
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 5580 Martin Way E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,889
-4%
$1,916,800
9%
2021
$20,635
13%
$1,765,300
-8%
2023
$18,243
-12%
$1,919,700
16%
2021
$20,635
21%
$1,655,200
17%
2020
$16,993
-11%
$1,416,200
-19%
2019
$19,113
-12%
$1,751,900
8%
2018
$21,728
26%
$1,620,000
20%
2017
$17,187
2%
$1,351,800
1%
2016
$16,846
2%
$1,332,350
5%
2015
$16,484
-1%
$1,264,050
-4%
2014
$16,679
—
$1,322,250
—
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 Joseph Romero | Commencement Bay Brokers LLC | (253) 851-2897 and Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897

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5580 Martin Way E, Lacey, WA 98516 (MLS# 2469874) is a Industrial property. 5580 Martin Way E is currently listed for $3,250,000 and was received on January 23, 2026. Want to learn more about 5580 Martin Way E? Do you have questions about finding other Industrial real estate for sale in Lacey? You can browse all Lacey real estate or contact a Coldwell Banker agent to request more information.

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