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Former Bank Building with Drive-Through

8801 Tacoma Way, Lakewood, WA 98499

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For Sale

$1,995,000

Unique mid-century modern building suitable for retail, restaurant, or office.

Type:Commercial

Property size:

10,660 SF

Lot size:

0.24 Acres

Price / SF:

$187/SF

HighLights

Architecturally distinctive former bank building with dramatic 20‑foot ceilings and classic mid‑century modern design.
High‑visibility location at a signalized intersection on high‑traffic S. Tacoma Way.
Large 4,376 SF main level with open, light‑filled space suitable for various uses.
1,908 SF mezzanine overlooking the main floor, ideal for offices or creative workspace.
Includes two drive‑through lanes.
Full basement for storage or potential expansion.

We can help!

Listing Contact

RACHEL CORP

For Sale

$1,995,000

Unique mid-century modern building suitable for retail, restaurant, or office.

Type:Commercial

Property size:

10,660 SF

Lot size:

0.24 Acres

Price / SF:

$187/SF

Added:: Oct 31, 2025
Days on Market:: 223
Last Refresh:: Apr 5 at 8:27 pm

Property Features for 8801 Tacoma Way

General Information

Standard status: Active
Size: 10,660 SF
Lot size: 0.24 Acres
Property subtype: Commercial

Building Details

Year Built: 1970

We can help!

Listing Contact

RACHEL CORP

Listing agent RACHEL CORP License #WA 41623

Listing office LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

Listing date Oct 31, 2025

Source Corcoran

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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

HighLights

Architecturally distinctive former bank building with dramatic 20‑foot ceilings and classic mid‑century modern design.
High‑visibility location at a signalized intersection on high‑traffic S. Tacoma Way.
Large 4,376 SF main level with open, light‑filled space suitable for various uses.
1,908 SF mezzanine overlooking the main floor, ideal for offices or creative workspace.
Includes two drive‑through lanes.
Full basement for storage or potential expansion.

Overview

This former bank building features dramatic 20-foot ceilings throughout most of the 4,376 square foot main floor. The open, light-filled space is framed by classic glass-and-brick mid-century modern architecture. A 1,908 square foot mezzanine overlooks the main floor, suitable for offices or creative workspace. The property includes two drive-through lanes and a full basement for storage or potential expansion. It offers prime visibility at a signalized intersection along high-traffic S. Tacoma Way. This architecturally distinctive structure is suitable for retail, restaurant, financial, or professional use. The property size is 10,660 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$234.1k	$21.96
− Vacancy	−$32.8k	−$3.07
EGI	$201.3k	$18.89
− OpEx	−$50.3k	−$4.72
NOI	$151.0k	$14.16

10,660 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $150,990 @ 7.0% cap · market cap 7.57%

Second Best

Specialty Retail

$1.52M

$1.33M – $1.78M (±1% cap)

NOI $106,609 @ 7.0% cap · market cap 5.34%

Theoretical Best

Office A

$2.88M

$2.52M – $3.36M (±1% cap)

NOI $201,541 @ 7.0% cap · market cap 10.10%

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

Property Profile Location Intelligence

Current Use by Public Records

Banks

Suggested Use

Location Insight

Map
Local Demand

City: Lakewood
County: Pierce
State: Washington
Longitude: -122.483
Latitude: 47.1769

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For sale
Banks
WA
Lakewood
98499
8801 Tacoma Way

What type of property is this?

Bank - Unique mid-century modern building suitable for retail, restaurant, or office.

Where is this bank located?

The property is located at 8801 Tacoma Way Lakewood, WA.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Architecturally distinctive former bank building with dramatic 20‑foot ceilings and classic mid‑century modern design.; High‑visibility location at a signalized intersection on high‑traffic S. Tacoma Way.; Large 4,376 SF main level with open, light‑filled space suitable for various uses.

8801 Tacoma Way, Lakewood, WA 98499

Unique mid-century modern building suitable for retail, restaurant, or office.

Property Features for 8801 Tacoma Way

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Building Near I-5 Ramp

Lakewood Industrial Property with Versatile Buildings

Versatile Industrial Property in Lakewood

Updated Office Building with Suites

Lakewood Office Condo For Sale

Office/Retail Building with Ample Parking

Lakewood Square Retail Center

Lakewood Office Building For Sale

Retail Property Near I-5

Lakewood Retail Property on Bridgeport

Lakewood Office Space For Rent

Warehouse Building with Fenced Lot

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