$625,000 USD
253-359-8627
HIGHLIGHTS
- 0.51-acre commercial lot located on Pacific Highway SW near Sound Transit.
- Zoning allows for commercial, retail, office, and multifamily development (up to 28 units).
- Design review pending for an 18-unit multifamily project.
- Utilities (water, sewer) on-site; electricity available in the street.
- Located in an Opportunity Zone, offering potential tax benefits.
- A design review is currently pending for an 18-unit multifamily project
OVERVIEW
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 - Prime investment opportunity!
FOR SALE DETAILS
PRICE
$625,000 USD
PRICE/ACRE
$1,222,037/AC
PRICE/SF
$28 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Commercial
LAND PROPOSED USE
Commercial, Retail, Office, Apartment Units - Condo, Day Care Center, Drug Store, Fast Food, Religious Facility, Restaurant, Retail Warehouse, Storefront Retail/Office, Warehouse
LAND ACRES
0.51 AC
LAND SF
22,278 SF
OFFSITE IMPROVEMENTS
Sewer, Water, Electricity
ZONING
Commercial/ industrial
APN/PARCEL ID
021912-6003,021912-6004
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253-359-8627
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253-359-8627
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