14718 Union Ave SW 2,160 SF Vacant Office Building Lakewood, WA 98498 $724,577 CAD ($335.45 CAD/SF)

Beautifully remodeled, high-exposure office asset located on a prominent corner in Lakewood, offering strong fundamentals for both owner-users and investors. The property is currently configured with 7 private offices, 2 conference rooms, 2 restrooms, and 2 kitchenettes, allowing for immediate occupancy or straightforward demising into two suites for dual-income potential. Interior improvements are high quality, including granite countertops, updated systems, and a modernized layout, making this a true turnkey opportunity with minimal capital expenditure required.
Positioned within NC2 zoning, the site supports a broad range of permitted uses including professional office, medical, wellness, retail, and mixed-use configurations. This flexibility significantly expands the buyer pool and creates optionality for future repositioning or redevelopment strategies. The 10,640 SF lot provides approximately 20 parking spaces—well above typical ratios—and is further enhanced by a recorded parking easement over the adjacent parcel, a rare feature that adds both functional utility and long-term leverage.
The property benefits from strong visibility, dual signage opportunities, and convenient access to major demand drivers including JBLM, Tacoma, DuPont, and Olympia. Previous time on market was not reflective of asset quality, but rather limited exposure and buyer qualification challenges—presenting a renewed opportunity for brokers to bring qualified capital to a well-positioned offering. Ideal for SBA-backed owner-users, professional firms, or investors seeking stable occupancy with upside through lease-up or suite separation. Building design and layout accommodates 2 separate suites individually metered.