12221-12311 Pacific Hwy Lakewood, WA 98499
- Retail properties
- 20,043 SF
Current Use by Public Records
- Retail properties
Property Details for 12221-12311 Pacific Hwy
- Property size
- 20,043 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Pierce
- State
- Washington
- Longitude
- -122.509
- Latitude
- 47.1458
