Listing Provided Courtesy Of:
Century 21 Northwest and NWMLS
Address
11620 Pacific Highway SW Lakewood, WA
Price
$ 1,500,000
Property Attributes
  • ID#1751145
  • TypeCommercial
  • CountyPIERCE
  • CityLakewood
  • AreaLakewood
  • NeighborhoodLakewood
  • Zip98499
  • StyleComm Bldg Und 10K
  • Year Built1967
  • Taxes$ 8884
  • Price$ 1,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.53 Acres
Listing Provided Courtesy Of:
Century 21 Northwest and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

This property has 200 feet of retail road frontage along busy Pacific Highway with 30 plus parking spots. There are 2 buildings which are fully occupied with long-term tenants! Easy freeway access to Interstate 5 and close to Joint Base Lewis-McChord, hotels, the Sound Transit Lakewood Station, and Ford dealership. The roof was redone about 7 years ago. Please do not disturb tenants.

Price History
4/1/2021 Listed $1,500,000

General Features

Building Area Units Square Feet
Building Features Signage Included
Carport Y/N No
City Lakewood
County Pierce
Directions From I-5 North take exit 125 for Bridgeport Way, turn left on Bridgeport Way, at Pacific Hwy SW turn right, the property is on the left
Exterior Features Cement/Concrete, Metal/Vinyl, Stucco
Flooring Ceramic Tile, Concrete, Vinyl, Carpet
Insurance Expense 3400
Interior Features Ceramic Tile, Concrete
Lot Size Square Feet 23070
MLS Area 36 - Lakewood
Net Operating Income 55513
Possession Closing, Tenant's Rights
Possible Use Commercial, Office, Retail
Property Style 60 - Comm Bldg Und 10K
Property SubType Commercial Industrial
Property Type Commercial Sale
Roof Flat, Torch Down
Senior Community Y/N No
Sewer Available
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Pacific
Structure Type Unspecified
Subdivision Name Lakewood
Tax Annual Amount 8884
Tax Year 2020
Terms Cash Out, Conventional
Topography Level
Total Actual Rent 6550
Total Units 5
Utilities Electricity Available
Water Sewer Garbage 10800
Year Built 1967
Zoning Class Commercial, Office, Retail

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Highway

Exterior Features

Foundation Details Poured Concrete, Slab
Irrigation Water Rights Y/N No
Lot Size Acres 0.5296
Lot Size Units Square Feet
Open Parking Y/N No
Parking Uncovered Total 30
Site Frontage 200
Total Parking 30
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 98499

Price
AVG $980K
$1.5M
Taxes
AVG $7,392
$8,884
Visits
AVG 211
248
Year Built
AVG 1966
1967
Walkscore
AVG 69
67
Data Provided by Walkscore ® not using MLS data

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