12524 Addison St SW - Residential LAND FOR SALE


Lakewood, WA 98499- Pacific20,038 SF
$950,000 USD
253-230-2567
12524 Addison St SW, Lakewood, WA for Sale
$950,000 USD
Residential LAND - FOR SALE
1/9
20,038 SF

12524 Addison St SW
Lakewood, WA 98499
Pacific


HIGHLIGHTS

  • Interim Income with Flexibility
  • Redevelopment Optionality
  • Location Near JBLM
  • Redacted leases, rent roll, and a financial snapshot

OVERVIEW

Multifamily infill development opportunity in Lakewood with preliminary architectural and engineering feasibility completed, significantly reducing early-stage risk and soft-cost time for the next developer. A 25-unit multifamily concept has been evaluated under MF3 zoning. The project includes completed civil site planning, topographic survey, geotechnical review, landscape design, MEP coordination (HVAC & electrical), and energy code compliance documentation. Initial city engagement has occurred and confirms development framework. The property includes two tenant-occupied buildings providing interim income while the next owner continues entitlements and permitting. A comprehensive due diligence package is available. Ideal for builders or developers seeking a well-studied infill project with momentum. Tenant occupied—do not disturb. Owner is a licensed real estate broker in the State of Washington and is the co-listing agent.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/ACRE

$2,065,176/AC

PRICE/SF

$47 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Addison St

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Hold for Development, Hold for Investment

LAND ACRES

0.46 AC

LAND SF

20,038 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets

ZONING

Multi-family, Residential

APN/PARCEL ID

021912-3092

ASK ABOUT THIS PROPERTY

Claire FralisheXp RealtyMore Info
253-230-2567

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Claire FralisheXp RealtyMore Info
253-230-2567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.