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Investment Highlights

  • Located on HWY Pacific high traffic, next to Pierce county Transit.

Executive Summary

Commercial lot on Pacific HWY next to Sound Transit. Zoning permits commercial, business/retail (barber shop, insurance, beauty salon, restaurant) as well as multifamily development up to 28 units per City of Lakewood. Design review pending for 18 units. Utilities (water, sewer) on property from previously demolished auto shop, electricity in street. Both parcels have been combined - correct parcel number is 0219126025

Property Facts

Price $857,750 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Office
  • Apartment Units - Condo
  • Daycare Centre
  • Drugstore
  • Fast Food
  • Motel
  • Religious Facility
  • Restaurant
  • Retail Warehouse
  • Storefront, Retail or Office
  • Warehouse
Total Lot Size 0.51 AC
Opportunity Zone Yes
Zoning Commercial/ industrial - City jurisdiction

1 Lot Available

Lot

Price $857,750 CAD
Price Per AC $1,677,124.10 CAD
Lot Size 0.51 AC
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
021912-6003
Land Assessment
$608,889 CAD
Improvements Assessment
$966 CAD
Total Assessment
$609,855 CAD
  • Listing ID: 37866794

  • Date on Market: 2025-09-29

  • Last Updated:

  • Address: 11618 Pacific Hwy SW, Lakewood, WA 98499

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