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Listed by COMPASS
$ 1,097,000
Est. payment /mo
Active
12134 Pacific HWY SW Lakewood, WA 98499
6,000 Sqft Lot
UPDATED:
11/14/2024 02:50 AM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Lakewood
MLS Listing ID 2307355
Style 60 - Comm Bldg Und 10K
Year Built 1941
Annual Tax Amount $6,428
Lot Size 6,000 Sqft
Property Description
Presenting a fully occupied investment prospect, this property offers a unique opportunity to expand your portfolio with a 3 unit retail strip! Anchored by two well-established restaurants and a smoke shop., The property is situated on the bustling Pacific Highway, ensuring high visibility and traffic. The site benefits from parking visibility and potential for higher rents enhances its value-add potential. All units are under triple net leases (NNN) ensuring tenants are responsible or expenses. Located in an area experiencing growth, this property represents a dynamic investment for some one looking to add to their portfolio. Sale includes two tax parcels. 5 year leases with 3% annual bumps! *DISCRETION ADVISED Do not disturb tenants
Location
State WA
County Pierce
Area 40 - Lakewood
Interior
Interior Features Laminate
Flooring Laminate, Vinyl
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.