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    OFF-MARKET
    Retail properties & Spaces

    12221-12311 Pacific Hwy, Lakewood, WA 98499

    20,043 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial development opportunity presents a rare chance to acquire a substantial parcel of land boasting unparalleled visibility. Located in Lakewood, Washington, this property features 430 feet of frontage on Pacific Highway SW and an impressive 360 feet of frontage along I-5, ensuring maximum exposure to a high volume of daily traffic. The site encompasses a total of 130,507 square feet, offering ample space for a variety of commercial ventures. Zoned C-1 by the City of Lakewood, the property allows for diverse commercial uses, providing flexibility for prospective buyers. While the site's size ranges from 20,043 to 130,507 square feet, depending on the development plan, it's important to note that a creek setback of approximately 250 feet restricts industrial uses. However, most commercial developments would only require a 68-72 foot setback. The property's Assessed Parcel Numbers (APNs) are 021911-8034; 021911-8035; 021911-8036; and 021911-8037. The asking price for this prime commercial land is $1,200,000. This is a truly unique opportunity to capitalize on a high-traffic location with significant development potential. The address is 12221-12311 Pacific Hwy SW, Lakewood, WA 98499.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 20,043 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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