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Listed by:Better Properties Valley Assoc • Rhett Elton
Listed by:Better Properties Valley Assoc • Rhett Elton
$ 2,500,000
Est. payment | /mo
1.78 Acres Lot
$ 2,500,000
Est. payment | /mo
1.78 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Lakewood
MLS Listing ID 2603357
Style 61 - Comm Bldg Ovr 10K
Year Built 1940
Lot Size 1.776 Acres
Lot Dimensions 143’ x 530’
Property Sub-Type Commercial Industrial
Property Description
Rare dual-parcel commercial offering on Lakewood's high-traffic S Tacoma Way corridor — two contiguous parcels totaling 1.78 acres, sold together as one package. The combined portfolio features 11,360 sq ft of building space including 2,560 sq ft of enclosed storage, with an effective year built of 1992.The street-side buildings currently generate $12,550 in total income, offering investors immediate cash flow while unlocking long-term value: the rear acreage presents potential land development opportunity. Hold the front, collect the income, and plan the future of the back.Positioned along one of Lakewood's most established commercial arteries, the property benefits from strong street-front visibility and a proven mix of retail, residential, and storage uses. Power, water, and sewer are all in place. Convenient access to I-5, SR 512, and JBLM supports steady traffic from commuters and area employers. Parcel numbers 0220361007 and 0220361013, sold as a package.Whether you're an investor seeking dependable income, a developer with vision for the land, or an owner-user looking to occupy while leasing the balance, this offering delivers flexibility few properties can match. Multiple buildings and varied layouts suit a wide range of tenants and uses. Income today, development potential tomorrow — the choice is yours.Buyer to verify all figures, income, zoning, and development potential to their own satisfaction.
Location
State WA
County Pierce
Area 36 - Lakewood
Interior
Flooring Ceramic Tile, Hardwood, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Metal/Vinyl, Wood
Roof Type Composition,Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://photos.smugmug.com/photos/i-2sKLZcw/0/Kn7RM7RDJmhT2hHhVkghjHn6rSfdxL9p2C2fMLnrw/1920/i-2sKLZcw-1920.mp4
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