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JRJeff ReynoldsCompass · Seattle

Listed by Terry Vo, John L. Scott, Inc

3
Bedrooms
1
Bathrooms
7,864
Square feet
$141
Per sq ft
Single Family Residence
Type
1965
Year built
37,200 sq ft
Lot
195
Days on market

About this property

This fully paved and fenced property offers exceptional access, visibility, and flexibility just north of Pierce Transit and minutes from major freeway connections. Zoned Light Industrial, the site is ideal for owner-users, investors, or businesses seeking a strategic location in the heart of Lakewood’s industrial corridor. The property features two versatile buildings. The 1,260 sq/ft 1½-story building can function as a residential home or professional office and includes three bedrooms, one bathroom, a kitchen, and flexible interior space suitable for administrative or live/work use. The 6,604 sq/ft 1-story brick warehouse/manufacturing building is well-suited for food production, cold storage, distribution, or light manufacturing. The building features include three walk-in coolers, one walk-in freezer, a full kitchen, and dedicated storage areas, offering turnkey functionality for specialized operations. With strong street frontage, secure fencing, ample yard space, and excellent proximity to transit and freeway access, this property delivers both operational efficiency and long-term upside. Location plus utility makes this a rare opportunity in a high-demand industrial market. The paved yard allows for efficient parking, loading, and outdoor operations, while the fenced perimeter provides added security. Ideal for owner-operators seeking a live/work setup or investors targeting stable industrial demand with flexible future use potential.

Location & commute

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Directions

Property details

Listing details

Listing number
#2480442
Listed
February 13, 2026
Days on market
195
Price per sq ft
$141
Original list price
$1,859,950

Unit & building

Unit levels
One and One Half

Parking

Parking
Driveway

Construction

Year built
1965
Style
11 - 1 1/2 Story
Structure
House
Roof
Composition

Heating & cooling

Heating
Wall Furnace
Cooling
None
Energy source
Electric

Lot

Lot size
37,200 sq ft

Terms

Terms offered
CashConventionalFHAVA Loan

Utilities

Water
Lakewood Water District
Sewer
Pierce County Sewer
Power
Lakeview Light & Power

Schools

District
Clover Park

What stands out to you?

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  • One and One Half
  • Driveway
  • House
  • Composition
  • Wall Furnace
  • None
  • Electric
  • Cash
  • Conventional
  • FHA
  • VA Loan

Listing history

  1. Listed

    $1,859,950

    February 13, 2026

  2. Current price

    $1,104,950

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$6,434

Principal & interest
$5,587
Property tax (est.)
$847

Assumes $220,990 down (20%), a $883,960 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of August 28, 2026 at 3:15 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.