Property Details
12134 Pacific Hwy SW
Lakewood, WA 98499
$949,000
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Property Overview
List Price Reduced! Income Property w/excellent potential & huge signage on busy street alongside I-5 and new Comfort Inn, other hotels, Military bases, Madigan Army Hospital, St Claire hospital and Lakewood Towne Centre. Long term Tenants w/long term leases. Tenants pay for water, sewer, insurance property taxes, street signage and parking lot maintenance. Each unit has its own electric, gas and water meters. 15 parking stalls in front. Property includes two parcels: 0219114164 and 0219114192. Fully occupied. Building features include ADA Ramp access with fully fence gate in rear. Roof was replaced 3 years ago. Discretion PLEASE.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Pierce
Neighborhood
Lakewood
Listed
Nov 20, 2025
Original Price
$1,100,000
Structure Type
Retail
Parcel Number
0219114164
Financial Summary
Cap Rate
5.53%
Net Operating Income
$55,290
Gross Scheduled Income
$61,104
Gross Rent Multiplier
18.00
Total Actual Rent
$5,092/mo
Building & Use
Building Sq Ft
2,916
Sq Ft Rented
2,916
Zoning
Commercial,Retail
Possible Use
Commercial, Retail
Lot Size
12,001 sqft
Year Built
1941
Exterior & Lot
Lot Size
0.28 sqft
Year Built
1941
Sewer
Sewer Connected
Water Source
Public
Community & Access
Directions
From I-5 Exit 125 Bridgeport Way toward Lakewood, turn Left at First Traffic Light, Property on your Right.
Location
City
Lakewood
County
Pierce
Coordinates
47.14686, -122.50916
Additional Information
Tax Year
2026
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 10:37 AM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
