Property Details

14601 1st Ave S
Parkland, WA 98444
$12,800,000
CBA# 701260 courtesy of CBA Listing firm: Best Choice Realty

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14601 1st Ave S, Parkland

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Commercial
Property Type
74,868
Bldg Sq Ft
38
Units
5.00%
Cap Rate
2022
Year Built

Property Overview

Coventry Villas located in the community of Parkland, Washington is a stabilized 38 unit townhome development on 2.08 acres. Completed in the summer of 2022, all units are approximately 1,482 square feet in size with three bedrooms, two and one half baths and an attached single car garage.The location is ideal for commuters with easy access to Hwy’s 512, 167 and Interstate 5. Nearby employers include Joint Base Lewis McCord, Amazon, Franciscan Health, Tesla and Pacific Lutheran College.

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Pierce
Listed Aug 7, 2026

Financial Summary

Cap Rate 5.00%

Building & Use

Building Sq Ft 74,868
Total Units 38
Zoning TCTR
Possible Use Multi-Family
Year Built 2022

Exterior & Lot

Year Built 2022

Location

City Parkland
County Pierce
Coordinates 47.12350, -122.43300
Listed By
Jeff Huling
Best Choice Realty

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