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    10601 Gravelly Lake Dr Lakewood, WA 98499

    Sponsored
    For Sale
    $750,000

    High-traffic location, versatile layout, great potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional investment opportunity presents a prime commercial property situated on a 0.26-acre corner lot at 10601 Gravelly Lake Dr SW in Lakewood, WA. The property boasts a combined building square footage exceeding 2800 square feet, comprised of a main building (2378 sq ft), a separate salon (580 sq ft), and a sizable storage/converted garage space. Its strategic location within the Central Business District ensures high visibility and significant foot traffic, making it ideal for a variety of commercial ventures. The property benefits from its position amidst established businesses and a thriving residential area, promising consistent growth and strong rental potential. The versatile layout allows for diverse uses, catering to a wide range of business needs. This is a rare chance to acquire a well-positioned commercial property in a rapidly developing area of Lakewood, offering significant return on investment. The property's size, location, and flexible space make it an attractive prospect for both established businesses seeking expansion and entrepreneurs looking to establish a new venture. Don't miss this opportunity to own a piece of Lakewood's vibrant commercial landscape. The asking price is $750,000.

    Property Features for 10601 Gravelly Lake Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.5203
    Latitude
    47.16054

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, versatile layout, great potential.
    Where is this commercial real estate located?
    The property is located at 10601 Gravelly Lake Dr Lakewood, WA.
    What is the asking price?
    The asking price for this property is $750,000.
    (253) 589-2680
    Request Owner's contact information
    10601 Gravelly Lake Dr Lakewood, WA 98499
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    Lakewood, WA 98499
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10601 Gravelly Lake Dr Lakewood, WA 98499
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