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3624 Steilacoom Blvd SW
Lakewood, WA 98499
Office Property For Sale
Investment Highlights
- Flexible opportunities for developers, investors, or owner-users
Executive Summary
Located in a high-visibility C2 zoning area, this property offers exceptional flexibility and investment potential. The site allows for a wide range of permitted uses — including restaurants, offices, retail, auto-related services, lodging, and more — making it an ideal location for various types of businesses.
Perfect for developers, investors, or owner-users, this property stands out as a rare opportunity in a prime location with excellent traffic exposure and strong surrounding commercial activity.
Perfect for developers, investors, or owner-users, this property stands out as a rare opportunity in a prime location with excellent traffic exposure and strong surrounding commercial activity.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
2,912 SF
Building Class
C
Year Built
1952
Price
$1,500,000
Price Per SF
$515.11
Cap Rate
2.40%
NOI
$36,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,912 SF
Building FAR
0.07
Lot Size
0.94 AC
Zoning
C2
Parking
15 Spaces (8.43 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $25,000 | |
| Land Assessment | $679,400 | Total Assessment | $704,400 |
Property Taxes
Parcel Numbers
Land Assessment
$679,400
Improvements Assessment
$25,000
Total Assessment
$704,400
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