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Professional Office Condominium
For Sale
$550,000

B-2-6923 Lakewood Dr W, University Place, WA 98467

Four private offices are complemented by reception, conference, and break areas.

Property SizeContact for details
Days on Market235

Property Features for B-2-6923 Lakewood Dr W

General Information

Standard status Active

Additional Details

Highway Access Yes
Listing Agency: Kidder Mathews
Listed By: Brian Richardson · License #78371
Source: Exprealty
Added: Feb 9 Changed: Sep 29 Last Checked: Oct 1 at 12:16PM

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 Kidder Mathews

Investment Insights

Based on property information with market context.

The office condominium has four private offices, a reception area, conference space, a break room, two bathrooms, and storage. Its heating system pairs a gas furnace with a heat pump, and the roof was recently replaced. The unit is described as being in excellent condition.

The property is near Hwy 16 and I-5, between University Place and Lakewood. Parking is available, and neighboring units are occupied by professionals in fields including law, dentistry, medicine, counseling, and insurance.

Key Highlights

  • Four private offices plus reception, conference, and break areas
  • Two bathrooms and storage
  • Gas furnace and heat pump

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Furniture & Home Goods Auto Parts Store

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

403
Businesses Nearby

Demographics for 98467, WA

16,512
Population
6,718
Households
2.5
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
4.8 sq mi
ZIP Area
3,440
Density / Sq Mi
$90,586
Median Household Income
$48,802
Median Earnings
$1,566
Median Rent
$580,100
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Four private offices are complemented by reception, conference, and break areas.
Where is this office units located?
The property is located at B-2-6923 Lakewood Dr W University Place, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four private offices plus reception, conference, and break areas; Two bathrooms and storage; Gas furnace and heat pump
More about this property
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