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Investment Highlights

  • Highly visible location along Bridgeport Way SW with strong daily traffic counts exceeding 19,000 vehicles.
  • Positioned within a dense retail corridor near national brands, dining, and service amenities.
  • Convenient access to Interstate 5 and proximity to Joint Base Lewis-McChord, supporting strong consumer demand.
  • Fully built-out retail space with existing market and restaurant infrastructure in place.
  • Offered at a price significantly below replacement cost, creating a compelling investment opportunity.
  • Zoned Transit Oriented Commercial, allowing for flexible future use and redevelopment potential.

Executive Summary

This retail property offers a compelling value-add or owner-user investment opportunity in the heart of Lakewood, Washington. Positioned along Bridgeport Way SW with excellent visibility and access, the site benefits from strong traffic counts and proximity to major regional connectors, including Interstate 5. The property sits within a dense commercial corridor surrounded by national retailers, restaurants, and service providers, ensuring consistent consumer activity and long-term demand.
The building encompasses approximately 9,560 square feet on a ±28,359 square foot lot, zoned Transit Oriented Commercial (TOC). It features a fully built-out interior previously configured for an Asian market and restaurant use, providing significant infrastructure for a new operator or investor. Offered at a price well below replacement cost, this asset presents an attractive entry point for buyers seeking to capitalize on existing improvements and the area’s continued growth.
Located near Joint Base Lewis-McChord, one of the largest military installations in the country, the property draws from a robust employment base and a growing residential population. With its combination of location strength, existing build-out, and redevelopment potential, this property is well-suited for investors or owner-users looking to establish a presence in a thriving submarket.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,560 SF
Building Class
B
Year Built
1992
Price
$1,918,660 CAD
Price Per SF
$200.70 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
C2, Lakewood - Commercial
Parking
20 Spaces (2.09 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage
  • Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100

Nearby Major Retailers

Denny's
Buddy's Home Furnishings
Navy Federal Credit Union
Bigfoot Java
Starbucks
HomeStreet Bank
KeyBank
L & L Hawaiian Barbecue
Applebee's
Five Guys

Property Taxes

Property Taxes

Parcel Number
021912-6017
Land Assessment
$904,186 CAD
Improvements Assessment
$979,370 CAD
Total Assessment
$1,883,556 CAD
  • Listing ID: 40089893

  • Date on Market: 2026-04-09

  • Last Updated:

  • Address: 11717 Bridgeport Way SW, Tacoma, WA 98499

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