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- LoopNet Team
12524 Addison St SW
Lakewood, WA 98499
Addison St · Land For Sale
·
0.45 AC
INVESTMENT HIGHLIGHTS
- Interim Income with Flexibility
- Location Near JBLM
- Redevelopment Optionality
- Redacted leases, rent roll, and a financial snapshot
PROPERTY FACTS
DESCRIPTION
Tenant-occupied multifamily property located in Lakewood near JBLM, offering interim income with future redevelopment potential. Existing improvements currently generate income, supporting a hold-for-investment strategy while buyers evaluate longer-term redevelopment options. Seller has completed preliminary planning and feasibility evaluation, including conceptual materials and a high-level City summary. The property is not marketed as shovel-ready. All redevelopment potential, zoning interpretation, density, approvals, and future use are subject to buyer’s independent verification and City approval. Redacted leases, rent roll, and a financial snapshot are available for review. Additional planning materials are released after mutual acceptance. Seller-provided materials are for informational purposes only and may not be relied upon as a substitute for buyer’s independent due diligence. DO NOT disturb tenants. The property is tenant occupied. No interior access prior to mutual acceptance. All access is coordinated in accordance with tenant notice requirements. Owner is a licensed real estate broker in the State of Washington and is the co-listing agent.
