12134 Pacific Hwy SW, Lakewood, WA 98499
- Commercial land
- 0.14 lot acres
Current Use by Public Records
- La Chele Salvadorean Restaurant Pupuseria / Restaurant
- RockItCoin Bitcoin ATM / Crypto Atm
- Puyallup smoke shop / (Bike/Boat/Book/etc) Store
- Pizza Pizazz / Restaurant
Property Details for 12134 Pacific Hwy SW
- Lot size
- 0.14 lot acres
- Zone code
- C1
- Property type
- Commercial land
- APN
- 219114192
- APU
- 219114192
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 28, 2023 | — | Royal Real Estate Company | — | Deed · related | $200k · L2l Fund I LLC |
| Mar 1, 2023 | — | Royal Real Estate Company INC | — | Deed · related | $590k · Verity Cu |
| Jun 1, 2022 | $925,000 | Royal Real Estate Company | Rose H Yang | Warranty Deed | $745k · Rose Yang |
| Jul 22, 2019 | — | Rose H Yang | — | Deed · related | $350k · Americas Cu |
| Oct 7, 2003 | $650,000 | Bokman Kim | Synn,kwang C & Dori H | Grant Deed | $350k · Us Bank NA |
| — | — | Rose H Yang | — | Deed Of Trust · related | $350k · Americas Cu |
| — | — | Kwang C Synn | — | Deed Of Trust · related | $248k · Pacific International Bank |
Description
This exceptional investment opportunity presents a fully occupied three-unit retail strip located at 12134 Pacific Highway SW in Lakewood, WA. The property boasts high visibility and significant traffic due to its prime location on the bustling Pacific Highway. Currently anchored by two established restaurants and a smoke shop, this property offers immediate cash flow and strong tenant occupancy. Each unit operates under a triple-net lease (NNN), meaning tenants are responsible for all operating expenses, minimizing landlord responsibilities and maximizing return on investment. The leases are structured for five years with a favorable 3% annual rent increase, providing predictable and growing income. Ample parking is available, further enhancing the property's appeal to both tenants and customers. The sale includes two tax parcels, offering additional flexibility and potential for future development. The property is situated in a growing area, promising continued appreciation and strong long-term investment potential. This is an ideal acquisition for investors seeking a stable, high-yield commercial property with significant upside. The property's current configuration and strong tenant base provide a solid foundation for future growth and profitability. Please note: Discretion is advised
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $965,000
- ML approach
- $950,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Pierce
- State
- Washington
- Longitude
- -122.509
- Latitude
- 47.1469
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
