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JRJeff ReynoldsCompass · Seattle
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Listed by Lisa Taylor, Skyline Properties, Inc.

Commercial Industrial
Type
1975
Year built
16,353 sq ft
Lot
48
Days on market

About this property

Exceptional opportunity on South Tacoma Way with convenient access to I-5, Highway 512, JBLM, and surrounding commercial corridors. Situated on a generous 16,553 sq ft level lot, this versatile property offers a wide range of potential uses for owner-users, investors, entrepreneurs, service businesses, office, retail, or future redevelopment possibilities. Existing improvements include a newer addition, creating added flexibility for a variety of business or mixed-use concepts.Property features strong exposure, convenient access, and ample parking in a high-traffic Lakewood location surrounded by established businesses and continued area growth. Commercial/residential zoning may provide additional opportunities and flexibility for future use or expansion. Rare chance to secure a well-located property with accessibility and long-term upside in a sought-after South Tacoma Way corridor.

Location & commute

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Directions

Property details

Listing details

Listing number
#2554447
Listed
May 27, 2026
Days on market
48

Construction

Year built
1975
Style
62 - Business Opp.
Structure
Mixed Use
Roof
Composition

Heating & cooling

Heating
Forced Air
Cooling
None
Energy source
Electric

Flooring

Flooring
HardwoodLaminate

Lot

Lot size
16,353 sq ft

Terms

Terms offered
CashConventionalRehab Loan

Utilities

Water
Public
Sewer
Sewer Connected

What stands out to you?

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  • Mixed Use
  • Composition
  • Forced Air
  • None
  • Electric
  • Hardwood
  • Laminate
  • Cash
  • Conventional
  • Rehab Loan
  • Public
  • Sewer Connected

Listing history

  1. Listed

    $699,000

    May 27, 2026

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

$4,071

Principal & interest
$3,535
Property tax (est.)
$536

Assumes $139,800 down (20%), a $559,200 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 July 14, 2026 at 4:15 PM 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.