Listing provided courtesy of Commencement Bay Brokers LLCNWMLSas Distributed by MLSGrid- MLS# NWM2469874
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Request Info5580 Martin Way ELacey, WA 98516
Commercial · 1.18 Acres$2,700,000
Active
5580 Martin Way E Overview
- Visits:
- 50
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.
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5580 Martin Way E Facts & Features
- Type Commercial
- Lot 1.18 Acres
Details
General
Association/HOA
- Association Fee: $0.00
Income/Expenses
- Net Operating Income: 232111
- Total Expenses: 19889
Building Information
- Year Built: 1994
Location/Region
- Country: US
- County Or Parish: Thurston
- MLS Area Major: 450 - Lacey
- Subdivision Name: Lacey
Tax Information
- Tax Annual Amount: $19,889.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 61340000800
- Possible Use: Business
- Property Sub Type: Commercial Industrial
- Property Type: Commercial Sale
- Senior Community: No
- Special Listing Conditions: See Remarks
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Approximate Building Square Feet: 6402
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Carpet
- Foundation Details: Slab
- Heating: Yes
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Natural Gas
Exterior
Parking Information
- Open Parking: No
- Parking Total: 58
- Parking Uncovered Total: 58
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 1.1784
- Lot Size Square Feet: 51330
- Lot Size Units: Square Feet
- Site Frontage: 263
- Topography: Level
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Roof: Composition
- Structure Type: Unspecified
General Information
- Carport: No
- Exterior Features: Wood Products
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Unit Type: Restaurant
- Actual Rent: 21000
5580 Martin Way E Neighborhood
Community
98516 (Lacey) Demographics
40
Median Age
596
Population Density (per sq. mile)
51%
College Educated
$83,249
Estimated Median Income
7,348
Estimated Total Home Owners
2,423
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5580 Martin Way E Monthly Cost
5580 Martin Way E Market Data
Based on the last 30 days in this zip code
$678,229
Average List Price
$312
Average Price per Square Foot
35
Properties Sold
55
Average Days on Market
167
Properties for Sale