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Two-Building Retail Property
For Sale
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Pending

11620 Pacific Hwy SW, Lakewood, WA 98499

Fully occupied retail asset with long-term tenants, substantial road exposure, and convenient freeway access.

Property SizeContact for details
Days on Market143

Property Features for 11620 Pacific Hwy SW

General Information

Standard status Pending
Property subtype Special Purpose
Listing Agency: Century 21 Northwest Realty Shelton
Listed By: Kimberly Wallencheck · License #WA
Source: Crexi
Added: Apr 13 Changed: Sep 1 Last Checked: Aug 31 at 9:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Northwest Realty Shelton

Investment Insights

Based on property information with market context.

This retail property comprises 2 buildings that are fully occupied by long-term tenants. The site provides 200 feet of retail road frontage along Pacific Highway and includes 30 plus parking spots. The roof was redone about 7 years ago, adding a recent capital improvement to the physical profile of the asset.

Access to Interstate 5 supports regional connectivity. The property is near Joint Base Lewis-McChord, hotels, the Sound Transit Lakewood Station, and a Ford dealership, placing the retail buildings within an established commercial area of Lakewood.

Key Highlights

  • 2 fully occupied retail buildings with long‑term tenants
  • 200 feet of retail road frontage along Pacific Highway
  • 30 plus parking spots

Property Analytics

Current Use

Dream Couture Boutique Clothing Store LAARSA, LLC Auto Repair Shop Erawan Sports Bar ... Restaurant JustGlo Studio Hair Salon Premium Stylez Hair ... Hair Salon

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Electrical Service Garden Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

821
Businesses Nearby
78k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 49% Dining 43% Hotels & Casinos 7% Home Improvements & Furnishings 1%
Shell Shops & Services
23,170 visits/mo 0.1 miles
Denny's Dining
16,585 visits/mo 0.2 miles
Jack in the Box Dining
7,975 visits/mo 0.4 miles
Church's Chicken Dining
6,363 visits/mo 0.1 miles
Brown Bear Car Wash Shops & Services
4,317 visits/mo 0.5 miles

Demographics for 98499, WA

33,188
Population
14,683
Households
2.3
Avg Household Size
35
Median Age
19%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
3,771
Density / Sq Mi
$65,000
Median Household Income
$41,345
Median Earnings
$1,445
Median Rent
$370,000
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Fully occupied retail asset with long-term tenants, substantial road exposure, and convenient freeway access.
Where is this retail space located?
The property is located at 11620 Pacific Hwy SW Lakewood, WA.
What are key features of this property?
This property features: 2 fully occupied retail buildings with long‑term tenants; 200 feet of retail road frontage along Pacific Highway; 30 plus parking spots
More about this property
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