14718 Union Ave SW - Office FOR SALE


Lakewood, WA 98498- South Lakes
$529,000 USD
253-606-6332
14718 Union Ave SW, Lakewood, WA for Sale
$529,000 USD
Office - FOR SALE
1/3
null | Request Cap Rate

14718 Union Ave SW
Lakewood, WA 98498
South Lakes


HIGHLIGHTS

  • 7 Private Offices
  • 2 Conference Rooms
  • 2 Restrooms
  • 2 Kitchenettes
  • Granite Countertops
  • Updated Interior Finishes

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$529,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

NC2

APN/PARCEL ID

220000-2212

ASK ABOUT THIS PROPERTY

Joey SolarKW CommercialMore Info
253-606-6332

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Joey SolarKW CommercialMore Info
253-606-6332

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